Criteria for Housing Society to be under GST

[Last updated on 14th July 2017]

Co-operative Housing Societies / Apartment Associations / RWAs meeting following criteria shall come under the purview of GST.

1. Total collections towards maintenance exceeds 20 Lakhs per annum
AND
2. Collection from members exceed Rs. 5000 per month per member.

Update on 14th July 2017:

Govt. has issued a press note on GST applicability on RWAs. You can read the press release here – http://pib.nic.in/newsite/PrintRelease.aspx?relid=167386

GST needs to be levied only if monthly maintenance per member crosses Rs. 5,000/- and annual collection is more than 20 Lakhs. This post is updated accordingly.

For more information refer our detailed blog post – blog.apnacomplex.com/2017/05/05/gst-on-co-operative-housing-societies-maintenance-dues/

Disclaimer: This information is offered as a public service. While we try to make it accurate as possible as on the date of publication, the laws change and the more importantly the way we interpret them can change. We cannot promise that this information is always up-to-date and correct. We strongly recommend you to consult appropriate professional advisers to understand the actual impact for your society. You are solely responsible for taking decisions based on the information above.

 

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