Voluntary payment by outgoing soc member subject to GST: AAR

Mumbai: It is not uncommon for co-operative housing societies ( CHS ) in Mumbai to seek transfer fees on sale of a flat, exceeding the stipulated Rs 25,000. While some societies outright seek a higher transfer fee, others ‘welcome’ an additional payment, which is set aside for future use, such as for carrying out major repairs later. The issue of applicability of goods and services tax (GST) on bo…