Olety Landmark Apartment Owner’s Assocation ., In re
Date: March 10, 2021
Subject Matter
Amount collected by RWAs for setting up the ‘Sinking Fund’/ Corpus Fund attracts 18% GST under SAC 9995 (Services of Membership Association)
Summary
Q) Whether the Applicant is liable to pay GST on amounts which it collects from its members for setting up the ‘Sinking Fund’/ Corpus Fund? A) The amounts collected by the applicant towards Sinking Fund amount to advances meant for…
M/s Olety Landmark Apratment Owner’s Assocation, (OLAOA) (called as the ‘Applicant’ hereafter) Flat No.9/1, Ground Floor, Pipeline Road, Kurubarahalli, Mahalalakshmipuram, Bengaluru-560086, having GSTIN 29AAAA09149D1ZE, have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 & KGST Act, 2017 read with Rule 104 of CGST Rules 2017 KGST Rules 2017, in for…