Club Membership charges



Dear Sir/Madam
we are planning for a club in a residential township,the person who buys a plot,will be offered a compulsory membership (transferable only to the next owner of the site) at a cost of around say Rs.50000.we will collect this amount and make a club,give common facilities to the members,
the amount collected will be used to purchase the land for club,give amenities like swimming pool,tennis etc.the whole amount would be spent.now what would be the tax liability of Gst & income tax come to us.
For example-50k x 100members=50lac
land purchase 20lac,20lac building,10lac on amenities.
 
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