If your Housing Society is coming under the purview of GST, as per section 15(2)(d) of GST act, you need to charge 18% GST on Late Payment / Penalty charges levied on members.
Related Articles
-
Housing Society is only for members and not a commercial entity. Does it really come under GST?
- 0
- 5298
-
Link to Download GST Act in PDF
- 0
- 3168
-
Sample GST Tax Invoice & Bill of Supply for Housing Societies
- 0
- 5667
-
Should the invoice numbers be different series for Bill of Supply and Tax Invoices?
- 2
- 3563
-
Can there be one invoice for both taxable and tax-exempt services for Housing Societies?
- 2
- 3730
-
Should a Housing Society register for GST even if all members pay less than 5000/- per month?
- 6
- 4214