https://www.taxtmi.com/news?id=19599 The GST exemption threshold for monthly member contributions to Resident Welfare Associations has been raised so that contributions up to the revised per-member monthly amount are exempt from GST; amounts above the revised threshold attract GST only if the RWA's annual turnover from supplies of goods and services meets the statutory turnover condition. Taxable RWAs are eligible to claim Input Tax Credit on capital goods, goods and input services used in supplying those services. The recommendations have been implemented by notification effective from the notification date. en-us Wed, 07 Feb 2018 15:22:17 +0530 Wed, 07 Feb 2018 15:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19599 The GST exemption threshold for monthly member contributions to Resident Welfare Associations has been raised so that contributions up to the revised per-member monthly amount are exempt from GST; amounts above the revised threshold attract GST only if the RWA's annual turnover from supplies of goods and services meets the statutory turnover condition. Taxable RWAs are eligible to claim Input Tax Credit on capital goods, goods and input services used in supplying those services. The recommendations have been implemented by notification effective from the notification date. News - Wed, 07 Feb 2018 15:22:17 +0530 https://www.taxtmi.com/news?id=19599