In re Liberty Square Apartment Owners Association (GST AAR Karnataka)
Date: February 10, 2026
Subject Matter
Corpus Funds Collected by Residential Association for Future Contingencies are Taxable Advances Attracting GST
Summary
The Authority for Advance Ruling allowed the application, holding that corpus funds collected by a residential association for future contingencies constitute consideration for future supply of services and thus attract GST . The ruling clarified tha…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, KARNATAKA 1. M/s Liberty Square Apartment Owners Association, (herein after referred to as ‘the Applicant or M/s LSAOA,) # Sy. No. 23, 80ft BDA Road, Gubbalala, Uttarahalli, Bengaluru Urban, Karnataka, 560109, having GSTIN 29AABAL9390A1ZJ, have filed an application for Advance Ruling under Section 97 of CGST Act, 2017 read with Rule 104…