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GST on Cooperative Housing Societies
If monthly bill is of 10000.00 and taxable is 6000.00. Is GST applicable? as for CHSL 7500.00 per month is exempt. Are we to go by monthly total or taxable?
Replies (1)
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Is GST applicable? Only if your society's annual turnover > ₹20 lakhs AND your monthly maintenance > ₹7,500.
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On which amount? Per current official guidelines, if you exceed the ₹7,500 threshold, GST (18%) is applied to the total monthly maintenance bill.
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