Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Collection of a corpus fund by an unincorporated membership organisation constitutes a supply because contributions characterised as advances (not refundable deposits) amount to consideration for future services; therefore such collections fall within the supply definition and attract GST. The time of supply for these corpus advances is the date of receipt/collection, as the earlier trigger under the time-of-supply rule for services. Corpus contributions cannot be aggregated with recurring monthly maintenance charges to claim the per-member monthly exemption under the relevant notification, and the specified per-member exemption does not apply to corpus fund contributions.
Collection of a corpus fund by an unincorporated membership organisation constitutes a supply because contributions characterised as advances (not refundable deposits) amount to consideration for future services; therefore such collections fall within the supply definition and attract GST. The time of supply for these corpus advances is the date of receipt/collection, as the earlier trigger under the time-of-supply rule for services. Corpus contributions cannot be aggregated with recurring monthly maintenance charges to claim the per-member monthly exemption under the relevant notification, and the specified per-member exemption does not apply to corpus fund contributions.
Note: It is a system-generated summary and is for quick reference only.
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