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In gst what are the formalities for housing societies reg

krishna murthi (ACCOUNTANT) (80 Points)

24 June 2020

any one can ellobarate housing society under gst registered

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Lakshman Kumar Kadali (Chartered Accountant) (101 Points)
Replied 24 June 2020

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

David (article Assistant) (1621 Points)
Replied 24 June 2020

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.

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