Gst on Co operative society
Ramu Gowda (16 Points)
05 January 2019
Shall gst applies on service providing to Co operative society
4 Replies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 05 January 2019
yes it's applicable if crosses TO Limit
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 06 January 2019
As per section 2(17) term business includes “provision by a club, association, society, or any such body (for a subscripttion or any other consideration) of the facilities or benefits to its members”.
From the above it is clear that GST is applicable on Co operative Housing Society.
And as per Notification 2/2018 CT (r) , collection of Maintenance charges upto 7500/- per member is exempted .
But many more activites such as service charge, Non-occupancy charges, Interest on delay payment, Sinking fund, Parking charges, Transfer fee is taxable , & if your aggregate turnover (Taxable +exempted) as per section 22 exceeds 20 lac you are liable to obtain registration under GST
From the above it is clear that GST is applicable on Co operative Housing Society.
And as per Notification 2/2018 CT (r) , collection of Maintenance charges upto 7500/- per member is exempted .
But many more activites such as service charge, Non-occupancy charges, Interest on delay payment, Sinking fund, Parking charges, Transfer fee is taxable , & if your aggregate turnover (Taxable +exempted) as per section 22 exceeds 20 lac you are liable to obtain registration under GST
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