Impact of GST on hsg coop societies
This query is : Open
Sridhara murthy
(Querist)
21 May 2017
Whether hsg Society should register under GST? Will the monthly maintenance collection attract GST? THRESHOLD limit of Rs 20 lakes will apply. What about claiming ITC if not registered with GST?
CA R SEETHARAMAN
(Expert)
21 May 2017
Monthly maintenance collection exceeding 5000 attracts GST. Threshold of 20 lacs applicable for registration including collection less than 5000(exempted turnover). GST registration required for ITC claim.
Sridhara murthy
(Querist)
21 May 2017
Thanks. Rs 5000 per member
CA R SEETHARAMAN
(Expert)
21 May 2017
Yes it is 5000 per member.
Sridhara murthy
(Querist)
22 May 2017
thank you very much
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