Applicability ofgst on employees credit co-operative society

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This query is : Resolved

PRATIK SHINDE (Querist)

12 May 2018 Please guide me on, whether GST is applicable to Employees Credit Co-Operative Society, if Taxable Services are less than 1,00,000 but Exempt services are above 20,00,000???

Pralay Chakraborty

Pralay Chakraborty (Expert)

12 May 2018 Service provided by the society to the employees is taxable if you have taken registration.
Applicablity of GST does not depend upon the value of the service/turnover ; it is the registration & payment of tax which depends upon the value of turnover.

Would like to hear from other experts as well

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 May 2018 GST applicable and registration is required only if taxable supplies exceed 20 lacs.

CA Suresh Jain

CA Suresh Jain (Expert)

13 May 2018 The aggregate turnover is an important factor to decide whether the person is liable for registration or not and the aggregate turnover includes supply of services as well supply of goods, both whether taxable or exempted. In your case, since aggregate turnover of the co-op. society is more than 20 lakh, the society is liable for registration and consequently a taxable person. Thus, the Society is liable to pay GST on taxable services

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