GST Payable On Receipt Of Gratuitous Payment From Outgoing Member: AAR
2 years, 6 months ago

GST Payable On Receipt Of Gratuitous Payment From Outgoing Member: AAR

Live Law  

The Maharashtra Authority of Advance Ruling consisting of T.R. The applicant is a co-operative housing society registered under the Maharashtra Co-operative Housing Society Act having 48 flats which charges its members maintenance charges as per flat towards maintenance and upkeep of its premises. The applicant has sought an advance ruling on the issue of whether the receipt of a gratuitous payment from an outgoing member for the time he has resided in the society is taxable under the CGST Act, 2017. The applicant has submitted that whenever there is a transfer of a flat, the outgoing member makes a gratuitous payment to the applicant society, which does not have any implications or bearing on the outgoing formalities to be completed. The gratuitous contribution is voluntarily made by the outgoing member and is not at all a consideration received in lieu of services provided by the applicant, therefore the amount received is not liable to GST.

Society Applicant Payment Gst Member Outgoing Gratuitous Outgoing Member Gratuitous Payment  gst  outgoing  ruling  payable  applicant  gratuitous  receipt  received  aar  services  member  payment  act  society

History of this topic

GST Not Payable On Out-Of-Court Settlement: AAR
1 year, 5 months ago

GST Not Payable On Out-Of-Court Settlement: AAR

Live Law  

The Telangana Authority of Advance Ruling has ruled that GST is not payable on the out-of-court settlement.The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar has observed that there is no GST on the interest of 13% per annum awarded by the Tribunal for Arbitration Award as the principal supply itself is not taxable.The applicant is taking up Thermal …

Service Recipient Liable To Pay GST On Interest Amount Under Arbitral Award For Delayed Payment: Bombay High Court
2 years, 6 months ago

Service Recipient Liable To Pay GST On Interest Amount Under Arbitral Award For Delayed Payment: Bombay High Court

Live Law  

The Bombay High Court has held that the service recipient is liable to pay the GST to the government on interest under an arbitrary award and it can not be deducted from the dues payable to the service provider. The MCGM withheld an amount allegedly towards payment of the GST, which, according to the MCGM, was the liability of the …

No GST Payable On Reimbursement Of Stipend Paid To Trainees: AAR
2 years, 6 months ago

No GST Payable On Reimbursement Of Stipend Paid To Trainees: AAR

Live Law  

The Maharashtra Authority of Advance ruling has ruled that GST is not payable on the reimbursement of stipend paid to trainees by industry partners. The applicant has sought the advanced ruling on the issue whether the Applicant, in the capacity of being a NEEM facilitator, acts as a 'Pure Agent' while receiving reimbursement of stipend amounts from the various Trainer …

No Excuse For Not Paying GST In Time From Its Electronic Cash Register: Madras High Court Upholds Interest Demand
2 years, 7 months ago

No Excuse For Not Paying GST In Time From Its Electronic Cash Register: Madras High Court Upholds Interest Demand

Live Law  

The Madras High Court bench of Justice C. Saravanan held that the taxpayer is liable to pay interest if there is a belated payment of tax declared in the returns filed. The question was whether the recovery under the proposed notice pursuant to an earlier order of the Court would fall under the purview of Section 50 of the CGST …

Payment Of Equated Yearly Instalments And Interest On Delayed Payment Is Exigible To GST: Telangana AAR
2 years, 8 months ago

Payment Of Equated Yearly Instalments And Interest On Delayed Payment Is Exigible To GST: Telangana AAR

Live Law  

The Telangana Bench of Authority for Advance Ruling, consisting of members B. Raghu Kiran and S.V. Kasi Visweswara Rao, has ruled that payment of Equated Yearly Instalments made under Annuities Model, including interest on delayed payments made to a contractor, is exigible to GST. Hyderabad Metropolitan Water Supply and Sewerage Board filed an application before the Telangana Authority for Advance …

GST to be levied on underlying goods/services in gift vouchers, rules AAAR
3 years, 8 months ago

GST to be levied on underlying goods/services in gift vouchers, rules AAAR

India TV News  

Clearing the air over taxability of gift cards or vouchers, the Tamil Nadu bench of the AAAR has ruled that GST would be levied on the underlying goods/ services at the time of redemption such pre-paid instruments. Kalyan Jewellers India Ltd has approached the Appellate Authority for Advance Ruling against the ruling by the Tamil Nadu state Authority for Advance …

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