MONALISA CO-OPERATIVE HOUSING SOCIETY LTD (AAAR-MAHARASHTRA) :
Situation : GST is payable on payment received from outgoing members of the housing society as the amount collected is for future repairsMattar : Supply – Consideration – Gratuitous Payment – Appellant submits that charges collected from its outgoing members is gratuitous payment by housing society and the same is not liable to GST.held : Appellant is collecting funds from its outgoing members and the same will be utilized once the appellant finalizes bids...
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