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In gst what are the formalities for housing societies reg
any one can ellobarate housing society under gst registered
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Quick Summary
The formalities regarding registration of housing society are similar to formalities for any other entity. Turnover limit should be satisfied.
However, the maintenance charges collected upto Rs.7500/- is exempted from GST
However, the maintenance charges collected upto Rs.7500/- is exempted from GST
Hlo, in case of housing societies, The condition of registration only arises when the aggregate turnover exceeds Rs 20 lakhs and monthly maintenance per member exceed Rs. 7500/-.
It has to satisfy both conditions... Otherwise not required to be registered.
It has to satisfy both conditions... Otherwise not required to be registered.
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