20 November 2018
My Client is educational institution have received funds from old students to the college bank account , My query is whether these donations have attracted any GST??? please clarify
21 November 2018
Donation is not consideration liable to GST. However in case the same is received by an alumni association of old college students formed for mutual benefit as members, the same would be exempt upto Rs. 7500/-per month per member under Serial No. 77 of Not.12/2017- Central Rate
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