PLEASE GUIDE WHAT ARE THE PROVISION FOR APARTMENT OR HOUSING SOCT FOR COLLECTION OF MAINTAINANCE UNDER SUPPLY OF SERVICE. IS THEY ARE APPLICABLE FOR REGISTRATION AND PAY GST?
4 Replies
Harshad S Gholap
(Auditor)
(116 Points)
Replied 26 May 2017
according to the current tax form monthly maitanance charges collected by registered residential co op. soc or appartment below Rs. 5000 exempted from service tax under Ntfn No. 25_2012 ST.
under GST no such exemption uptill date issued, the same may issue after GST enrollment i.e. after 1st july,
in my opinion wait for the same or exemption ntfn.
under GST no such exemption uptill date issued, the same may issue after GST enrollment i.e. after 1st july,
in my opinion wait for the same or exemption ntfn.
Venkataraman
(Manager)
(34 Points)
Replied 26 May 2017
As per council meeting dated 19th May the exemption continues
Venkataraman
(Manager)
(34 Points)
Replied 26 May 2017
As per definition of aggregate turnover in gst which says
All turnover which includes exempted turnover and only exclusion is turnover under reverse charge
All turnover which includes exempted turnover and only exclusion is turnover under reverse charge
Venkataraman
(Manager)
(34 Points)
Replied 26 May 2017
Hall rented out for exhibition, stalls and any purpose to any person and any income received other than from members will.attract gst at the rate as per schedule and most probably will be at 18%
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