I would like clarification, whether a fund collected annually ,and spent on the benificiaries;which amount to roughly Rs 50 to 60 lakhs for our regular get-togethers be subjected to GST authorities for collection of any applicable tax ,if any and the accounting details be made available to every participating members . However I am not aware which government office is entrusted or responsible for such fund audit. more  

1. your organization which collects money and runs get to gathers which is service , so you are supposed to pay service tax now called GST.
2. To pay GST you are supposed to get your organization registered .
3. Then you are supposed to charge GST from every subscriber & deposit it to Government.
4. In case you are keeping this money in fixed deposit and is earning interest you are supposed to pay income tax also. more  
I do not know, where you are located. The best source of guidance for you
is the GST SEVA KENDRA located at your place. GST consultants or GST
practitioners may not be able to give you a correct answer.Further, you
have not clearly specified the exact nature of your purpose of collection
of such enormous amount.

On Thu, Dec 19, 2019 at 11:04 AM Vadakke Raman <>

> more  
If you are a Registered dealer then you must have to collect GST and pay to the Government. I am unsure about your Registration status under GST Law. more  
In continuation my question would be , are companies allowed to take advantage of RCM to employee incentives like dinners ; annual off-sites and such conferences . This an expense done for employee welfare and not business development Right ?? as we have noticed many companies demand for discount on GST raised / mentioned on the invoices . Clarrity on this concern will help more  
If the fund is collected from members only and spent for members only.... there is no GST.,becasue of the [princle of Mutuality cannot render service to onesself more  
Post a Comment

Related Posts

    • Coaching Classes big evaders

      I want to let GST authorities know that most coaching classes in India are big evaders of gst and income tax. 95% of them dont pay gst and 80% dont pay income tax as they take money in cash. ...

      By Sudesh Rai
    • Need information on GST Registration

      Hello members, I plan to register myself as a Seller on an e-commerce website and hence, need to register for GST Certificate. I have some doubts and hence would request you a...

      By Sabhay Tandon
    • Crashing gst collections

      Extremely worrying signals on Govt revenues. It is likely that there will be a drop of >85% post lockdown in GST collections. April collection May be less than 30% of plan and huge worries for M...

      By Sudesh Rai
    • COVID-19 - Tax compliance dates on GST

      FM has just extended the GST returns filing date for march, april and may to June 30th 2020. If the annual revenue is less than 5 crores, no interest, no penalty and no late fee.

      By Aditi Jain
    • Share details of fraudsters CBIC

      wrongful claims of ITC run by a web of firms in Noida. Fake ITC credit was passed on worth Rs1892cr. Attached Can we please request GST authorities to share details of what these compani...

      By Sudesh Rai
    • Expanding Tax Net - Sweet shops across India

      Most mid sweets/halwai shops of India are top tax evaders. They evade both gst and income tax on 95% of the sale they make. Will the members of this circle tell Government how to get the...

      By Amit Mishra
    • CBI says GST officials taking cuts from transporters

      The Central Bureau of Investigation Monday told a Delhi court that there are various state GST officers who allegedly accept money collected from transporters through middlemen in exchange for not ...

      By Sudesh Rai
    • Rule 36(4) of SGCT Rules 2017

      Can anybody explain Rule 36(4) of the GST Rules 2017 which restricts availment of credit to 120% now revised to 110% that deems credit claimed as inadmissable?

      By Ashish Agarwal
    • ITC denial

      This is internal finance ministry communication. Does this mean ITC is being denied to meet targets?

      By Rohit Jain
    • Abolish Input Tax Credit system

      Heading in Times of India 21 January 2020 “Trading firm director held in ₹10-crore GST scam The Thane wing of the CGST arrested Vinit Agarwal, director of Hemraj Devkarandas Metals ...

    • GST registrations getting cancelled

      Now the non-filing of Goods and Services Tax (GST) returns is leading to attachment of bank accounts or cancellation of registration and many are worried. According to the GST law, it i...

      By Vishal Khanna
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)