Gst on corpus fund received by members from builders
This query is : Resolved
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.
05 August 2019
No GST is payable on such corpus fund if the builder pays to the society before OC
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05 August 2019
Respected Sir,
If you can elaborate the same so as to explain it to others as well.
If you can elaborate the same so as to explain it to others as well.
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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