Prinsep Association Of Apartment Owners ., In re
Date: November 28, 2023
Subject Matter
Amount collected by an RWA for a sinking fund is an advance payment towards future supply of services and is liable to tax
Summary
The case law revolves around three questions. The first question pertains to exemption from tax on monthly contributions exceeding Rs. 7,500 per member, where it was ruled that when maintenance charges exceed Rs. 7,500 per month per member, the entir…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, WEST BANGAL 1.1 At the outset, we would like to make it clear that the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same provisions in like matter except for certain provisions. Therefore, unless a mention is specifically made…