Co-operative housing society

Querist : Anonymous (Querist) 15 June 2022 This query is : Resolved
CO-OPERATIVE HOUSING SOCIETY IS NON-COMMERCIAL & NON PROFIT SOCIETY FOR BENEFIT OF MEMBERS AND OFFER SERVICES FOR BETTERMENT OF SOCIETY THROUGH ELECTED HONORARY MANAGING COMMITTEE HENCE OPINION REQUIRE FROM EXPERTS WHETHER GST APPLICABLE ????

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This discussion explores the applicability of GST to Co-operative Housing Societies (CHS). While CHS are non-commercial entities for member benefit, GST may apply to certain services and goods purchased for members, development works, and related activities. Maintenance charges paid by residents are generally exempt up to £7,500 per member per month; however, exceeding this threshold makes the entire amount subject to GST.

kavksatyanarayana (Expert) 15 June 2022
It is not a legal query. To my best, maintenance charges paid by residents to the Association are exempt for up to Rs.7,500. In case the amount charged exceeds Rs.7,500 per month per member, GST is chargeable on the entire amount charged.

Dr J C Vashista (Expert) 16 June 2022
Yes, CHS is subject to levy of GST on specified services availed or goods purchased for the benefit of members, development works and allied works.

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