Homeowner Association liable to pay GST on Contributions made by Members and can avail Exemption If contribution does not exceed Rs.7,500: AAR Karnataka

The  Authority of Advance Ruling (AAR)  in Karnataka on an application made by the applicant held that the homeowner association is liable to pay  Central Goods and Service Tax (CGST)  and  State Goods and Service Tax (SGST).  Further, the applicant can also avail of the exemption only on the condition that the contribution made by the members is not more than Rs. 7,5…