05 February 2019
Dear Experts, Whether Cooperative Housing Society is liable for registration under GST in the following 2 conditions: a) Aggregate turnover of a Cooperative Housing Society in a financial year exceeds twenty lakh rupees and Subscription is not more than Rs 7500 per member per month and No receipts (Taxable) Like Rental for Advt Hoarding. b) Aggregate turnover of a Cooperative Housing Society in a financial year exceeds twenty lakh rupees and Subscription is not more than Rs 7500 per member per month and Has receipts (Taxable) Like Rental for Advt Hoarding.
06 February 2019
Thank you Madam, If Aggregate turnover is Rs.80 Lakhs and Maintenance is less than 7500/- p.m per member but society is charging for other taxable services like Share transfer fee, Use of Common Space for Member or Outsider, Non Occupancy Charges etc and the receipts from these services is Rs.10 lakhs.
CAclubindia
