pls anybody explain the impact of GST on Co-operative banks.
is it necessary to take GST registration?
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GST on co-operative banks
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Use this link https://www.puneicai.org/wp-content/uploads/GST-PPT-Co-operative-Banks.pdf
When the aggregate turnover of a Co-operative Societies in a financial year exceeds twenty lakh rupees, such Cooperative Societies become liable for Registration under GST as per Sec 22.(1) of CGST Act. Housing Society is not eligible for Composition Scheme.
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