Before GST is applied, Threshold limit on Fixed deposit by organization like association or society

Service Tax (Legacy) 262 views 1 replies

It has been discussed that the limit on fixed deposits by an association of members owners of a building or a building society is 20 lakhs before GST is applied.  This is for income and expenditure account.

Is it possible to cross that limit by opening another Foxed deposit account in another bank. the name of the association or society being the same

 

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suresh_o_chotrani @ yahoo.com


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