Monthly contribution to Resident Welfare Association: GST to apply only on sums in excess of ₹7,500, says Madras HC

FinMin circular requiring entire monthly contribution to be taxed now quashed  The Madras High Court has quashed a Finance Ministry circular prescribing Goods and Services Tax (GST) on the entire monthly contribution to Resident Welfare Association (RWA), if it is more than ₹7,500. “The conclusion of the AAR (Authority for Advance Ruling) as well as the Circular to the effect that any contrib…