Impact of Gst On Resident Welfare Associations - An Outlook

Abstract

GST implication is a sound policy almost in all sectors of India. At present, tax implication, especially GST is an important phenomenon of the Resident Welfare Associations (RWA) throughout India. The concept of stay in one’s own house is converted into stay in a residential complex for several amenities, ambiances etc. Practicing professionals like CMA, CS & CA have ample opportunities to deal with the GSTI, complications on RWAs. This article highlights the rule and, regulations relating to GST on RWAs, different press information releases and the scope of practicing professionals relating to this matter.