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Gst registration of RwA
IFin RWA contribution from member is Rs 4k approx per month but turnover including exempted supply exceeds rs 20 lakh . whethér gst registration is required.
Replies (11)
What is RWA...? 🤔🤔🤔
Related provision is - RWAs shall be required to pay GST on monthly subscripttion charged from its members if such subscripttion is more than Rs.7,500 per month per member. Further, the annual turnover of any RWA by way of supplying of services and goods has remained unchanged at up to Rs 20 lakh, any amount more will attract GST taxation of 18%.
Hence, in your case, as the turnover is exceeding Rs.20 Lakhs, it's better to obtain GST registration and declare the turnover under exempted supply.
Good answer Mr A B Kundu
if RWA is also provide renting services to motherdairy shops as well as hoarding services to other whether gst is chargeable ???
But,
Nobody reply my doubt 😢😢😢
| Originally posted by : RAJA P M | ||
 |
But, Nobody reply my doubt 😢😢😢 |
 |
RWA stands for Resident Welfare Association. This is the association that is normally set up in every housing society.
| Originally posted by : sweetyjain | ||
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if RWA is also provide renting services to motherdairy shops as well as hoarding services to other whether gst is chargeable ??? | |
In my opinion, where the annual turnover is exceeding Rs.20Lakhs, yes GST is chargeable.
Agree with Mr A B kundu view.
Yes , registration is mandatory,..
In case,. doing only exempted supply even if turnover exceeds 20lac no registration is required , but if a single penny of taxable supply made & the aggregate turnover exceeds 20lac Registration is mandatory
In case,. doing only exempted supply even if turnover exceeds 20lac no registration is required , but if a single penny of taxable supply made & the aggregate turnover exceeds 20lac Registration is mandatory
For special state threshold limit is 10 lakhs for gst registration.
A.B.KUNDU Explanation is good and more correct
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