We are registered society under Societies Registration Act and we have also 12AA registration and 80G registration. We are running a coaching centre for preparation of Govt. service job and from that we receive above 20 lakh. We also receive some donation from various sources. We spent all money from this sources to a school for financial backward children organise by us. We also provide them food and dress, study materials. Now my question is that should we take GST registration or not ?
Please suggest ? We need expert advice.
If a charitable trust is conducting training programs, yoga camps, or other programs that are not free for participants, it will be considered as a commercial activity and hence will be liable for GST. Even the donation received for such an activity will be liable for taxation under GST.
Services provided by way of training or coaching in recreational activities relating to arts and culture, or sports by a charitable entity will be exempt from GST.
You should take GST registration.
CAclubindia
