https://www.taxtmi.com/article/detailed?id=13011 Exemption for maintenance charges by a Residential Welfare Association applies only up to the prescribed per member monthly threshold; where contributions exceed that threshold the entire amount is taxable. Amounts collected as a sinking fund are advance payments treated as consideration for future services and taxable. Recoveries for common area electricity are part of a composite supply with common area maintenance and are taxable if the maintenance service does not qualify for the Notification exemption. en-us Thu, 10 Oct 2024 10:12:02 +0530 Thu, 10 Oct 2024 10:12:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13011 Exemption for maintenance charges by a Residential Welfare Association applies only up to the prescribed per member monthly threshold; where contributions exceed that threshold the entire amount is taxable. Amounts collected as a sinking fund are advance payments treated as consideration for future services and taxable. Recoveries for common area electricity are part of a composite supply with common area maintenance and are taxable if the maintenance service does not qualify for the Notification exemption. Articles Goods and Services Tax - GST Thu, 10 Oct 2024 10:12:02 +0530 https://www.taxtmi.com/article/detailed?id=13011