https://www.taxtmi.com/caselaws?id=405567 The ruling concluded that the amounts collected for the 'Sinking Fund' by the non-profit residents welfare association are considered advances for future services, falling under SAC 9995 and are taxable at 18% GST. The judgment clarified the liability of the Applicant to pay GST on these amounts based on the provisions of the CGST Act and KGST Act, highlighting the nature of the funds collected and the time of supply for GST applicability. en-us Wed, 10 Mar 2021 00:00:00 +0530 Mon, 24 Mar 2025 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405567 The ruling concluded that the amounts collected for the 'Sinking Fund' by the non-profit residents welfare association are considered advances for future services, falling under SAC 9995 and are taxable at 18% GST. The judgment clarified the liability of the Applicant to pay GST on these amounts based on the provisions of the CGST Act and KGST Act, highlighting the nature of the funds collected and the time of supply for GST applicability. Case-Laws GST Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405567