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GST applicable only on amount exceeding ₹7,500 collected by Residential Welfare Associations, says Madras HC
The Hindu
The Court set aside an order by The Tamil Nadu Authority for Advance Ruling
The Madras High Court has ruled that only an amount in excess of ₹7,500 per month per member collected by Residential Welfare Associations is taxable under the GST Act. It set aside an order by The Tamil Nadu Authority for Advance Ruling (AAR) in 2019, that if the amount collected by a registered housing society/resident welfare association exceeds ₹7,500 per month per flat, Goods and Services Tax of 18% is payable on the entire amount and not on the difference amount.More Related News