Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
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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