SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants  ||  SC: Doctors Were Unwavering Heroes in COVID-19, and Their Sacrifice Remains Indelible  ||  SC Sets Up Secondary Medical Board to Assess Passive Euthanasia Plea of Man in Vegetative State  ||  NCLAT: Amounts Listed As ‘Other Advances’ in Company’s Balance Sheet aren’t Financial Debt under IBC  ||  NCLT Ahmedabad: Objections to Coc Cannot Bar RP From Challenging Preferential Transactions  ||  J&K&L HC: Courts Should Exercise Caution When Granting Interim Relief in Public Infrastructure Cases  ||  Bombay HC: SARFAESI Sale Invalid if Sale Certificate is Not Issued Prior to IBC Moratorium  ||  Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases  ||  SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension  ||  SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace    

Madras HC: GST Applicable Only on Monthly Maintenance Amount Exceeding Rs. 7500 Collected By RWAs - (16 Jul 2021)

GOODS AND SERVICES TAX

Madras High Court has held that the Goods and Services Tax (GST) applies not on the full amount but to monthly maintenance amount exceeding Rs. 7,500 only. It noted that any interpretation to the contrary would disentitle the Resident Welfare Association [RWA] to exemption, contrary to the express language used in the concerned entry, overturning a 2019 circular issued by the Ministry of Finance, Department of Revenue (Tax Unit).

Tags : MADRAS HIGH COURT   GST APPLICABLE ONLY ON MONTHLY MAINTENANCE AMOUNT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved