GST Registration for Flat owners society
This query is : Resolved
07 October 2024
If a Flat Owners Society collect more than 20.00 lac during a year against society maintenance charges, whether society will be liable to be registered under GST ? If yes, what rate of gst will be applicable sir ?
07 October 2024
Yes, in case of any maintenance from one house collected above Rs 7500.
Currently, maintenance charges paid by residents to RWAs are exempt from GST up to R7,500 per month per member. However, should the monthly charge exceed this limit, GST is levied on the entire amount, provided the aggregate turnover of the RWA reaches R20 lakh or more.
Currently, maintenance charges paid by residents to RWAs are exempt from GST up to R7,500 per month per member. However, should the monthly charge exceed this limit, GST is levied on the entire amount, provided the aggregate turnover of the RWA reaches R20 lakh or more.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Suggestions required for income tax filing-software (FY 2025-26)
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
