GST On Cooperative Society
This query is : Resolved
Quick Summary
Saroj Jyoti
(Querist)
29 February 2020
Dear Experts
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.
Please help me with this query.
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.
Please help me with this query.
Shrikant Toshniwal
(Expert)
29 February 2020
yes, as per Sec 22 of CGST
Act limit exceeds Rs 20 Lakhs per annum
then the Society need to be Registered under GST.
Act limit exceeds Rs 20 Lakhs per annum
then the Society need to be Registered under GST.
Message likes :
1 times
CA Mayur Todmal
(Expert)
29 February 2020
no exemption for commercial society like housing societies. Regi. compulsory once threshold crossed of Rs 20lakhs
Message likes :
1 times
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