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SECTION 9 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – LEVY & COLLECTION OF TAX

April 27, 2024

Amount is collected by members of RWA as a contribution towards corpus fund is not of nature of a deposit in truest sense of term as such money is not refunded to contributors, but is an advance payment made by members of RWA for receiving a supply of common area maintenance services to be provided to members by RWA in future, therefore, same would be taxable and appellant will be liable to pay tax at the time of receipt of such amount in accordance of section13(2) – Prinsep Association of Apartment Owners,Inre – [2024] 161 taxmann.com 722 (AAAR-WEST BENGAL)

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