https://www.taxtmi.com/caselaws?id=771612 AAR Tamil Nadu ruled that corpus/sinking fund collections by Resident Welfare Association from members for building maintenance and painting work in common areas are subject to GST. The authority held that such collections constitute advance payment for future services, falling under the definition of consideration. The association must pay CGST and SGST on these funds and can claim input tax credit subject to Rule 42 restrictions. However, monthly subscriptions under Rs. 7,500 per member remain exempt from GST under existing notifications. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 06 Jun 2025 20:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771612 AAR Tamil Nadu ruled that corpus/sinking fund collections by Resident Welfare Association from members for building maintenance and painting work in common areas are subject to GST. The authority held that such collections constitute advance payment for future services, falling under the definition of consideration. The association must pay CGST and SGST on these funds and can claim input tax credit subject to Rule 42 restrictions. However, monthly subscriptions under Rs. 7,500 per member remain exempt from GST under existing notifications. Case-Laws GST Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771612