WebMay 24, 2024 · The GST for Coop Housing Societies will be applicable if the following two conditions are met: a) The monthly maintenance billing for individual apartment exceeds … WebFeb 4, 2024 · In order for housing societies to charge GST on their maintenance costs, they must comply with the following requirements, as per a circular released by the Finance Ministry on July 22nd, 2024. ... GST is applicable if the total yearly maintenance cost turnover exceeds Rs. 20 Lacs. A housing society is required to pay 18% GST if its per …
WebJan 7, 2024 · Flat owners are liable to pay 18% GST on residential property, if they pay at least Rs 7,500 as maintenance charge to their housing society. Housing societies or residents’ welfare associations ... WebAug 10, 2024 · Let us discuss in this article whether GST is applicable on Co-operative Housing Societies or Residential Welfare Association. As per Sec 9.(1) 0f CGST Act, … momentane themen
Over 20,000 housing societies in Pune may come under GST
WebAug 5, 2024 · According to the bye-law no. 40 (read with circular dated August 9, 2001, issued by the government of Maharashtra) the Society can collect transfer charges up to … WebDec 9, 2024 · Criteria for applicable GST payment. If the society’s monthly maintenance bill is more than ₹7500 per house, 18% GST is applicable on the entire amount. If a person owns more than one residence in a society, then a ‘separate’ ceiling of ₹7500 is … WebMay 2, 2024 · In this article, we discuss the GST implication on Housing Societies and Residential Welfare Associations. Site. Courses. Login Register. Professional Courses. GST ... (and the same is on account of services for common use of its members), will GST be applicable on Rs. 9,000/- or Rs. 1,500/- which is in excess of Rs. 7500/-. In such cases ... momentaner strompreis kwh