Gst on advance collections from rwa members
This query is : Resolved
02 December 2017
Dear Sir,
In case of Residents welfare associations ( RWA ) :
when we collect it as an advance contribution for use in various projects in future, with other suppliers of goods and services, GST should become applicable then ?
Also, in case we do not go ahead with the project, we may have to refund the money collected, with interest accrued, to the respective contributors ?
Please suggest to me, how to save gst as above mentioned ?
In case of Residents welfare associations ( RWA ) :
when we collect it as an advance contribution for use in various projects in future, with other suppliers of goods and services, GST should become applicable then ?
Also, in case we do not go ahead with the project, we may have to refund the money collected, with interest accrued, to the respective contributors ?
Please suggest to me, how to save gst as above mentioned ?
02 December 2017
In such a case GST not applicable on advance collected till project is identified and allotment letter issued/agreement signed.
02 December 2017
Please suggest, how to collect the advance from members without paying gst for future project ?
06 November 2018
Hi sir,
Is the gst applicable on culture income like diwali mela contibution or any festival functions in case of rwa ?
Please do the needul.
Is the gst applicable on culture income like diwali mela contibution or any festival functions in case of rwa ?
Please do the needul.
06 November 2018
GST not applicable on contribution for festival function.
06 November 2018
Thank you so much sir ji
06 November 2018
Sir,
Can you send me gst notification in this regards ?
Can you send me gst notification in this regards ?
06 November 2018
It's a donation/contribution will not fall under supply hence GST not applicable.
Definition of ‘supply’ Under section 2(92) read with section 3 ‘supply’ includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. Schedule I specified the supply.
Definition of ‘supply’ Under section 2(92) read with section 3 ‘supply’ includes all forms of supply of goods and/or services such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. Schedule I specified the supply.
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