Hi,
I am aware that Resident and Housing societies have exemption from GST if the monthly maintenance is below Rs 7,500 or Annual turnover is below Rs 20,00,000.
However I would be glad if you could answer following questions regarding commercial complex:
- Is GST applicable on maintenance charges even if the annual 20 lakhs limit is not crossed?
- What is included in calculation of turnover for checking the annual 20 lakhs limit? Is it whole amount collected by society from it's members (including common electricity/property tax/water charges)? or just the amount towards society maintenance?
- If the commercial society has taken voluntary registration, then would it have to charge GST even if the limit of Rs 20 lakhs is not crossed?
- Can the society stop charging GST in future if it's annual turnover subsequently falls below 20 lakhs?
- On what elements in the society maintenance bill can the society charge GST?
Thank you in advance.
CAclubindia
