Resident Welfare Association to pay GST on receipt of funds towards sinking fund, holds AAAR

The Appellate Advance Ruling Authority (AAAR) in Mumbai has determined that contributions to Resident Welfare Associations (RWA) are subject to taxation at the time of receipt, specifically for Corpus or Sinking Funds. This decision impacts the tax liabilities of RWAs and their members in West Bengal.

from Mumbai News: Latest Mumbai News Headlines, Coronavirus News, BMC Elections 2022 Updates from Mumbai - Times of India https://ift.tt/GjVm0hx

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