Please Help: housing society
Posted Date : 25-Aug-2017 , 07:16:29 am | Posted By: Arun
Category :
GST | Answers :
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what is gst on housing society. on what value they pay tax. do they get input credit - on what |
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| Posted By : Mohit Mehta |
29-Aug-2017, 08:26:13 |
| The Housing Society is exempt upto 20 lacs. but when this limit increase and monthly contribution of per member is more than Rs.5000/- than it is taxable @ 18%. Means if contribution per member is less than Rs.5000/- per month, the housing society is not taxable
even if limit exceeds Rs. 20 lacs. |
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