Monalisa Co-Operative Housing Society Limited ., In re
Date: May 31, 2022
Subject Matter
Receipt of a gratuitous payment from an outgoing member for the time he has resided in the society is taxable
Summary
Payment from an outgoing member to a society is a payment made for the services rendered by society to the outgoing member during his stay as a member in society. As outgoing member is satisfied with the quality of services received by him and provid…
The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively] by M/s. Monalisa Co-Operative Housing Society Limited., the applicant, seeking an advance ruling in respect of the following questions.- 1. Whether the charges r…