Gst on corpus fund received by members from builders

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Amit Valia (Querist)
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05 August 2019 Our builder has told that GST would be liable to be paid on the corpus funds that shall be given to the members of the society if he pays us before receiving OC. Therefore, to avoid GST implication he is saying to take the corpus fund after receiving OC of the new building. I wanted to know whether GST is payable on such corpus fund if the builder pays us before OC? Any case laws on the same would be more helpful.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 August 2019 No GST is payable on such corpus fund if the builder pays to the society before OC

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Amit Valia

Amit Valia (Querist)
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05 August 2019 Respected Sir,
If you can elaborate the same so as to explain it to others as well.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 August 2019 The payment is not towards any supply/service received by the builder from the society hence GST not applicable.

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