Monalisa Co-Operative Housing Society Limited ., In re
Date: March 23, 2023
Subject Matter
Receipt of a gratuitous payment from an outgoing member for the time he has resided in the society is taxable. AAR ruling upheld.
Summary
The MAAR observed that the payment received by the Appellant from the outgoing member in the name of gratuitous payment/voluntary contribution is a consideration for the supply of services and is subject to GST. The Appellant argued that it was a gif…
1. At the outset, we would like to make it clear that the provisions of both the CGST Act and the MGST Act are the same except for certain provisions. Therefore, unless a mention is specifically made to such dissimilar provisions, a reference to the CGST Act would also mean a reference to the same provisions under the MGST Act. 2. The present appeal has been filed under Section 100 of the Central…