GST on Society

CA Pathik Shah, Partner, B. P. Shah & Co. 1. The society collects the following charges from the members on the quarterly basis as follows: a. Property Tax-actual as per Municipal Corporation of Greater Mumbai (MCGM) b. Water Tax- Municipal Corporation of Greater Mumbai (MCGM) c. Water charges d. Electricity charges e. Sinking Fund- mandatory under

GST for Housing Societies in Maharashtra

By Accommodation Times Bureau Registration : A Co-op Hsg Society is required to be registered under GST if the Aggregate turnover exceeds Rs 20 lakhs annually. Aggregate turnover shall include all taxable and exempt services. Aggregate turnover means all billing other than Municipal Tax & Sinking Fund, but includes Interest received from

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made