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  3. Should a Housing Society register for GST even if all members pay less than 5000/- per month?

[Last updated on July 14th 2017]

As per the clarification provided by Govt in this press release http://pib.nic.in/newsite/PrintRelease.aspx?relid=167386 on 13th July –  GST needs to be levied on members only if the annual collection from members in your Housing Society is more than 20 Lakh rupees and monthly collection from members is greater than Rs. 5,000/-.

It is however not clear, if societies crossing 20 Lakhs but all members are paying less than 5,000 per month should register under GST  (they may not levy GST on Maintenance charges, but there are other charges like late payment, and commercial income such as shop rentals etc. where GST could be applicable).

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 on this website.


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