Apex society GST Registration
This query is : Resolved
Quick Summary
23 April 2024
Is Apex chs ltd required to take GST registration.
If yes then what are the conditions under GST act.??
Pls guide with relevant GST provision.
If yes then what are the conditions under GST act.??
Pls guide with relevant GST provision.
24 April 2024
Is it provide any taxable sale of goods or services.
25 April 2024
Its a residential society comprising of 7 Towers. All 7 towers will pay AMC to Apex of clubhouse, common area etc
25 April 2024
A member of housing society is required to pay 18% GST if his per-month contribution to the Resident Welfare Association (RWA) exceeds Rs. 7500 per member.
As per Entry 77 of the GST Exemption Notification, the maintenance charge paid by residents to the Resident Welfare Association (RWA) in a housing society is exempt from GST up to an amount of Rs. 7,500 per month per member.
It implies that even if the turnover of the housing society is above Rs. 20 lakhs (or Rs. 10 lakhs for special category states), it may not have to be registered under GST in terms of Section 22 of the CGST Act, 2017 if its maintenance charges are less than Rs. 7,500 per month per member as it is supplying wholly exempt services not liable to register by the virtue of Section 23 of the said Act.
As per Entry 77 of the GST Exemption Notification, the maintenance charge paid by residents to the Resident Welfare Association (RWA) in a housing society is exempt from GST up to an amount of Rs. 7,500 per month per member.
It implies that even if the turnover of the housing society is above Rs. 20 lakhs (or Rs. 10 lakhs for special category states), it may not have to be registered under GST in terms of Section 22 of the CGST Act, 2017 if its maintenance charges are less than Rs. 7,500 per month per member as it is supplying wholly exempt services not liable to register by the virtue of Section 23 of the said Act.
25 April 2024
Sir
Required little more clarity that 7 Towers(2478 members)monthly maintenance is Rs 2800 per month per member But 7 towers will give to Apex AMC Rs 248000 approx. Per month per Tower then Is GST applicable to Apex Society.
Required little more clarity that 7 Towers(2478 members)monthly maintenance is Rs 2800 per month per member But 7 towers will give to Apex AMC Rs 248000 approx. Per month per Tower then Is GST applicable to Apex Society.
26 April 2024
GST not applicable to Apex society it's exempt service provided.
26 April 2024
Thankyou for your prompt reply sir.
Very well appreciated your efforts
Very well appreciated your efforts
27 April 2024
You are welcome...
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