GST on Co-Operative Housing Societies
As per section 2 (17)(e) of CGST Act 2017, provision by a club, association, society or any such body of the facilities or benefits to its members is deemed to be a business. The activity of housing society would attract the levy of GST and housing society would be required to register(Turnover>20 lakh).
Exemption for housing societies Notification no. 12/2017-Central Tax (Rate) dated 28.06.2017
Services by unincorporated body or non-profit entity to its own members :
1) as a trade union
2) carrying out any activity which is exempt from GST
3) up to Rs. 5,000 per month per member for sourcing of goods or services from a 3rd person for common use
GST applicability on charges collected
1) GST will be applicable on the amount in excess of Rs. 5,000.
2) Property Tax, water tax, non-agricultural tax, electricty charges – GST will not be levied as per exemption notification point no. 2 .
3) Repairs & maintenance fund, car parking charges, non occupancy charges, simple interest for late payment or any other type of charges – GST will be levied as these are collected for supply of services.
Conclusion
If turnover of the society is less than Rs. 20 Lakh or even if the turnover is beyond Rs. 20 Lakh but the monthly contribution of individual members towards maintenance is less than Rs. 5,000 and society is not providing any other taxable services to members or outsiders, then the society need not take registration under GST.
I was curious if you ever thought of changing the page layout of
your site? Its very well written; I love what youve got to
say. But maybe you could a little more in the way of content so people could connect with it better.
Youve got an awful lot of text for only having
one or two images. Maybe you could space it out better?
I blog frequently and I genuinely thank you for your content.
Your article has truly peaked my interest. I will bookmark your site
and keep checking for new details about once per
week. I subscribed to your Feed as well.
It’s the best time to make some plans for the long run and
it is time to be happy. I have learn this publish and if I could
I wish to counsel you some interesting issues or advice.
Perhaps you could write next articles referring
to this article. I wish to read more issues about it!
Great blog! Do you have any suggestions for aspiring writers?
I’m planning to start my own site soon but I’m a little
lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are
so many choices out there that I’m totally overwhelmed ..
Any tips? Kudos!
Hey There. I discovered your blog the usage of msn. This is a very
well written article. I will be sure to bookmark it and come back to learn more of your helpful info.
Thank you for the post. I will definitely comeback.
My partner and I stumbled over here by a different website and thought I might as well check things out.
I like what I see so now i’m following you. Look forward to looking over your
web page yet again.
An intriguing discussion is definitely worth comment.
I think that you should write more on this subject, it might
not be a taboo matter but usually folks don’t talk about such subjects.
To the next! Best wishes!!
WOW just what I was searching for. Came here by searching for g
Link exchange is nothing else but it is only placing the other person’s blog link on your
page at appropriate place and other person will
also do similar in support of you.
Every weekend i used to pay a quick visit this website, for the reason that i wish for enjoyment, as this this website
conations actually fastidious funny material too.
Great work! This is the kind of information that should be shared around the web.
Shame on the search engines for not positioning this publish
upper! Come on over and visit my website . Thanks =)
Fine way of telling, and nice post to take facts concerning my presentation subject, which i am going
to present in academy.
Terrific work! This is the kind of info that should be shared
across the web. Disgrace on the seek engines for now not positioning this post upper!
Come on over and visit my web site . Thanks =)
Every weekend i used to visit this web site, as i want enjoyment, for the reason that this this website conations really pleasant funny data too.
Its not my first time to visit this site, i am browsing this site dailly and get nice facts from here every day.
After exploring a handful of the blog posts on your site, I honestly like your way of writing
a blog. I saved it to my bookmark webpage list and will be checking back soon. Please visit my web site as well and tell me
what you think.
Wow that was unusual. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up.
Grrrr… well I’m not writing all that over again. Regardless, just wanted to say
excellent blog!
What’s up, just wanted to mention, I enjoyed this article.
It was practical. Keep on posting!
Very quickly this web site will be famous among
all blogging users, due to it’s nice posts
After I originally commented I seem to have clicked on the -Notify me when new comments
are added- checkbox and now every time a comment is added I receive 4
emails with the same comment. Is there a way you are
able to remove me from that service? Thanks!
Greetings! Very useful advice in this particular post!
It’s the little changes that make the most important changes.
Thanks for sharing!
The cards with faces on them, the king, the queen, and the jack are all worth 10 points. It is really much better to take some time to make cash. Paulson chips set the standard for poker chips.
Among the oldest games in gambling establishments that still exist today is Keno. To win online casinos one need to be focused on the game they are playing.
Find your favorite craps how-to website and put in the time to check out the product it provides. You can likewise play this card game on your Android device for free. Well, let me inform you, they got rave evaluations.
With high cards staying, this develops a higher opportunity of a dealer break. On Mondays, you can win player rewards when you play. However, does that stop CASINO ONLINE and betting? Alec Baldin is actually great in this also.
My brother, who hated using my old set of poker chips, was simply flabbergasted by my new chips. The majority of online gambling establishments use no deposit rewards for brand-new players.
Espeсiаllу if it іѕ a idеa that your lovers iѕ sexuаlly more experienced thаn yоu arе, you mау fear that yоu will fаll ѕhоrt of its exрeсtаtіonѕ. Guesѕ everything? Theу аrе probаbly just aѕ nervous aѕ you! Just because sоmеоne iѕ more than you does not necessаrilу imрly that thеу havе a bettеr understanding of sеx itѕelf, exactly whаt thе оppоѕite sex wants аnd whаt thеу themѕеlvеs want. Any kіnd оf caѕе, evеry body’s different with diffеrent ѕеxuаl needѕ, ѕо рreviоuѕ exрerіеncе іѕ nоt really а bіg advantage. If yоu wаnt grеаt sex іn yоur relаtiоnѕhiр, whаt iѕ critical iѕ that yоu overcome bаrrіеrs of embarrаsѕmеnt аnd cоmmuniсаtіon wіth eaсh other sоrts of. When уоu understаnd eaсh other's feаrѕ, needѕ, desirеs and turn-on’s, yоu will rеlіѕh аn inсredіblе romantic endeavors.