Prinsep Association of Apartment Owners {APPELLATE AUTHORITY FOR ADVANCE RULING, WEST BENGAL}
Prinsep Association of Apartment Owners {APPELLATE AUTHORITY FOR ADVANCE RULING, WEST BENGAL}:Date of Order : 02-04-2024GST Treatment of Contributions and Electricity Charges by Resident Welfare Associations (RWA)
Contribution towards Corpus Fund:
Nature of Contribution: Members of Resident Welfare Associations (RWA) contribute towards a corpus fund, which is meant to cover future expenses related to common area maintenance and other contingencies.
Taxability: The contribution towards the corpus fund is not considered a deposit because it is not refundable to the contributors. Instead, it...
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