Is GST applicable on new member Admission Fee in club?

MOHD AZID (TAX LAWYER) (142 Points)

19 January 2021  
Rs. 150000/- rec'd. from a new member, out of which Rs. 25000/- considered as Admission fee and transferred to P&L A/c and balance Rs. 125000/- considered as corpus fund and transferred to club's capital account. What is the taxability under GST?