Gujarat Hira Bourse ., In re
Date: September 15, 2021
Subject Matter
Provison of services by unincorporated association to its members for consideration is supply
Summary
Supply of services by unincorporated association to its members for consideration is supply under GST Scheme of law. Section 7(1)(aa) of the CGST Act reads as: the activities or transactions, by a person, other than an individual, to its member…
M/s. Gujarat Hira Bourse (hereinafter referred to as GHB for sake of brevity) submits that it is Not-for-Profit Company incorporated under Section 25 of the erstwhile Companies Act, 1956 which is now the Section 8 of the Companies Act, 2013 and that it is registered under Section 12A of the Income Tax, 1961, engaged in the development of Gems and Jewellery Park. 2. GHB submits that its main…