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 the Bye-laws of the Co-operative Societies
f. Repairs & maintenance fund
g. Non occupancy charges
h. Parking charges
i. Simple interest for late payment
j. Additional painting fund
k. Other maintenance related expenses

Ans: As per notification 12/2017- Central Tax (rate) dated 28-6-2017,

“services by an unincorporated body or a nonprofit entity registered under any law for the time being in force, to its own members by way of reimbursement of charges or share of contribution upto an amount of Rs. 7500 per month per member for sourcing of goods or services from a third person for the common use of its members in a housing society or a residential complex would not be liable for tax.”

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