What heads under Maintenance charges are liable to GST?
Repairs & Maintenance
Sinking Fund
Service Charges
Parking Charges
Water Charges
NOC charges
Interest on arrears
Above what is chargeable under GST?
Menu
GST on Co operative Housing societies
Replies (3)
Yes if Aggregate Turnover receipts Exceeds 20lac or Membership subscripttion is more than 7500/-
ok Thank you very much....but all heads are taxable?as in charges paid to local authorities like water tax/property tax is exempt while calculating the limit of 7500...right?
as per section 2(6) of cgst act the defination of the aggregate turnover includes the both exempted & taxable supplies & in term of section 22 of cgst act if the aggregate turnover exceeds 20 lac in year the registration is mandatory
the supplies which are exempted no need to charge gst on same.
note : as per section 23 of cgst act : person who is exclusively supplying goods or services which are not liable for tax or wholly exempted is not liable obtain registraton
Recent Topic
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
Related Topics
CAclubindia
