Supreme Court: Uncrystallized Contractual Damages Not an Operational Debt under Section 9 IBC  ||  Supreme Court: Interest Accrued in Suspense Account After NPA Classification is Recoverable as Debt  ||  Supreme Court: S.69 GST Arrest Order with “Reasons to Believe” Must Precede Arrest  ||  Supreme Court: Winding-Up Proceedings Period Cannot be Excluded under Section 14 Limitation Act  ||  Supreme Court: Separate Appeals Unnecessary Against Common Judgment on Suit and Counterclaim  ||  Supreme Court: Unsuccessful Party Can Seek Post-Award Section 9 Relief in Exceptional Cases  ||  Delhi HC Rejects Black Money Act Challenge, Imposes Rs. 60,000 Costs over Prosecution Avoidance  ||  Delhi HC Affirms Teacher's POCSO Conviction, Urges Schools to Encourage Children to Speak Up  ||  Kerala HC: NGO Funding Peaceful Protests Can't Justify FCRA Renewal Denial  ||  Delhi HC: Courts Cannot Judge Sufficiency of Material For Issuing Look Out Circular    

AAR, Karnataka: Homeowner Association Liable to Pay GST on Contributions Made by Members - (12 Feb 2020)

GOODS AND SERVICES TAX

Authority of Advance Ruling (AAR), Karnataka has held that the homeowner association is liable to pay Central Goods and Service Tax and State Goods and Service Tax on contributions made by its members. Further, the Authority has held that the applicant can avail of the exemption on the condition that the contribution made by the members is not more than Rs. 7,500, and the corpus funds are not taxable.

Tags : AUTHORITY FOR ADVANCE RULING   HOMEOWNER ASSOCIATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved