Deposits which are not refunded but adjusted against the new member of society are Non-refundable deposits, hence, will be taxable under GST.
Last updated: 20 January 2021
Court :
Gujrat AAR
Brief :
M/s. The Capital Commercial Co-op. (Service) Society Limited, 717/1, Near Krishna Kunj, Sola, Ahmedabad-380060, Gujarat (herein after referred to as the “applicant” or the “Society” for the sake of brevity), is a registered Commercial Co- Operative service society providing services of maintenance of common facilities/amenities to their members. The applicant has collected money from their members under following heads:
Citation :
ADVANCE RULING NO. GUJ/GAAR/R/103/2020
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