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GST leviable on services provided by Club or Association to its members retrospectively w.e.f. July 01, 2017

The Hon’ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 (“the CGST Act”) to levy GST on services provided by Club or Association to its members. Accordingly, amended Bill was passed in Rajya Sabha, the upper house, and it received presidential assent vide Finance Act, 2021.

Source: a2ztaxcorp.com

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