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Cooperative Credit Society

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(Querist)
09 April 2017 Is GST applicable to cooperative credit societies? Experts plz share material on the same, if any..
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Rajesh Kumar

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Rajesh Kumar (Expert)
10 April 2017 Transaction in money is taxable under GST, thus credit and interest part is not taxed. However if other services are provided for consideration like processing charges, late payment fee etc. may attract GST.
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Vishal Y

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Vishal Y (Querist)
10 April 2017 Thank u sir. Can u plz send a article or any other document on the same..
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SHAILENDRA KUMAR

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SHAILENDRA KUMAR (Expert)
25 August 2017 Sir if any Credit cooperative society not registered in GST but paying rent to any individual person and the landlord who is also not registered in GST but total rent paid by society is more then 20 lakh then what will be the GST implication on society
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