GST : Principle of mutuality between clubs / society and it’s members.
It has been upheld by the larger Bench of Supreme Court that neither Sales tax nor Service tax is leviable on the clubs.
Landmark judgement of three judgement bench of apex court pronounced today where the Department appeal has been dismissed and levy of service tax on incorporated clubs etc.. is held invalid.
This is also applicable to cooperative societies now is the big questions which needs proper understanding and views?
We invite your views over it in the comment box below…