May 04, 2021
In its application, the club said that it was collecting GST on subscription fee and infrastructure development fund from members
In its application, the club said that it was collecting GST on subscription fee and infrastructure development fund from members×
But says waiver willend once Finance Act amendment is notified
The 153-year-old Bengaluru-based club, Bowring Institute, has got a respite from paying Goods & Services Tax on fees and infrastructure development fund collected from its members, with the Authority for Advance Rulings giving a favourable order.
However, this will be subject to amendments as and when notified in GST law proposed in Finance Act 2021.
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