https://www.taxtmi.com/forum/issue?id=118732 Payment by a social club to a member on voluntary surrender of membership can constitute consideration for relinquishing membership rights and thus a Supply of Service captured by the GST definition of supply and Schedule II (agreeing to refrain from an act), rendering the amount taxable; the member, if a taxable person, would be the supplier required to collect and remit GST, while the club may claim input tax credit subject to conditions. Separately, the receipt may trigger capital gains implications for the member. The precise bye laws and factual characterisation of the admission fee versus refund determine treatment. en-us Sat, 02 Sep 2023 15:39:55 +0530 Thu, 23 Jan 2025 14:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118732 Payment by a social club to a member on voluntary surrender of membership can constitute consideration for relinquishing membership rights and thus a Supply of Service captured by the GST definition of supply and Schedule II (agreeing to refrain from an act), rendering the amount taxable; the member, if a taxable person, would be the supplier required to collect and remit GST, while the club may claim input tax credit subject to conditions. Separately, the receipt may trigger capital gains implications for the member. The precise bye laws and factual characterisation of the admission fee versus refund determine treatment. Discussion-Forum GST Sat, 02 Sep 2023 15:39:55 +0530 https://www.taxtmi.com/forum/issue?id=118732