GST: The rule of member-fee for the people living in the society is going to change from January 1

The rule of member-fee is going to change for the people living in the society. The fees that the members of the club and association pay. Now they will also have to pay GST on that. This recovery will be done from the date of 1st July 2017. The government is going to bring a new rule for this.

This new rule means that a club, association or society and its members will be considered as two separate individuals or organizations. If there is a transaction between these two, then it will be taxed. Earlier these two were considered one, so the transaction between them was not kept in the tax net. Now if you live in a society, are a member of a club, then the charge you pay for it will be taxed.