This discussion clarifies GST implications for commercial co-operative societies, distinguishing them from housing societies. It confirms that commercial societies are liable for GST registration if their annual turnover exceeds the Rs 20 lakh threshold as per Section 22 of the CGST Act, with no specific exemptions applying.
As all we know that, GST on cooperative society is very debatable topic. My query relates to the same.
Everybody, spoken, written and talks about GST on HOUSING Co-Operative Society only but about the COMMERCIAL Co-operative Society.
My query is, (1) whether the Commercial premises co-operative society is liable for GST Registration or not? (2) If, "YES" then what are the limits and conditions related to same.