Contributions from members, recovered for spending on weekly meetings, other petty administrative expenses amounts to supply

Contributions from members, recovered for spending on weekly meetings, other petty administrative expenses amounts to supply https://www.taxtmi.com/article/detailed?id=10116 Contributions recovered from club members for weekly meeting and petty administrative expenses amount to a supply under Section 7(1)(aa) of the CGST Act where the club and its members are distinct persons, and such activities fall within the scope of business under Section 2(17). The AAR, Maharashtra so held in IN RE: M/S. ROTARY CLUB OF MUMBAI ELEGANT, while noting that the Finance Act, 2021 amendment is retrospective but not yet notified and that tribunals have issued divergent rulings on taxability. en-us Fri, 17 Dec 2021 11:30:57 +0530 Fri, 17 Dec 2021 11:30:57 +0530 TaxTMI RSS Generator Contributions from members, recovered for spending on weekly meetings, other petty administrative expenses amounts to supply https://www.taxtmi.com/article/detailed?id=10116 Contributions recovered from club members for weekly meeting and petty administrative expenses amount to a supply under Section 7(1)(aa) of the CGST Act where the club and its members are distinct persons, and such activities fall within the scope of business under Section 2(17). The AAR, Maharashtra so held in IN RE: M/S. ROTARY CLUB OF MUMBAI ELEGANT, while noting that the Finance Act, 2021 amendment is retrospective but not yet notified and that tribunals have issued divergent rulings on taxability. Articles Goods and Services Tax - GST Fri, 17 Dec 2021 11:30:57 +0530 https://www.taxtmi.com/article/detailed?id=10116