CBIC’s clarification regarding GST on monthly subscription/contribution charged by a Residential Welfare Association

CBIC clarifies that contribution up to an amount of Rs. 7500 per month per member in respect of services provided by RWA in a housing society or a residential complex is exempt from GST; RWA shall be required to pay GST on entire amount of monthly subscription/ contribution only if such subscription is more than Rs. 7500/- per month per member and the annual aggregate turnover of RWA is exceeding Rs. 20 lacs in a financial year; Clarifies that, ceiling of Rs. 7500 shall ...