Gst reg foe co-operative housing society
This query is : Resolved
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.
Thanks in Advance...
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.
Thanks in Advance...
05 February 2019
No
Co operative Society is liable for registration if Aggregate turnover exceeds Rs 20 Lakhs AND Maintenance is more than Rs 7500/-
Both the clauses should be there for Co Op Society for registration
Co operative Society is liable for registration if Aggregate turnover exceeds Rs 20 Lakhs AND Maintenance is more than Rs 7500/-
Both the clauses should be there for Co Op Society for registration
Message likes :
2 times
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.
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.
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