• About
  • Advertise
  • Contact Us
  • Privacy Policy
  • Submit Your Success Story
  • Hindi Version
Sunday, February 24, 2019
Indian Cooperative
IFFCO Banner
ADVERTISEMENT
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • HOUSING COOP
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
No Result
View All Result
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • HOUSING COOP
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
No Result
View All Result
Indian Cooperative
No Result
View All Result
Home Co-op News Snippets

CHS: GST on maintenance charges in Maharashtra

by Parasnath
March 1, 2018
in Co-op News Snippets
2
Share on FacebookShare on Twitter

Reports suggest around 70,000 co-operative Housing Societies in Maharashtra have to follow the GST regulations as their annual collections may soon exceed the Rs 20-lakh mark, reports Money Control.

Of these, 50,000 societies are in the Mumbai region alone, co-operative sources confirm.

Transfer fees paid by incoming and outgoing members to the societies constitute their annual turnover.

Government had earlier said GST will cover maintenance charges collected from house owners amounting to Rs 20 lakh or more annually.

 

Tags: CHScooperativegovernmentGSTmaharashtramumbai

Related Posts

Tie-up with Exide: Abhyudaya Co-op Bank tries product innovation

Tie-up with Exide: Abhyudaya Co-op Bank tries product innovation

February 24, 2019
Co-op membership not a Fundamental Right: Kerala HC

Can’t flaunt political affiliation in co-op elections: Kerala HC

February 24, 2019
IFFCO Director R P Singh launches Odiya version of Iffco yuva

IFFCO Director R P Singh launches Odiya version of Iffco yuva

February 22, 2019
MP: Apex Bank employees on war path

MP: Apex Bank employees on war path

February 22, 2019
UCB: RBI gives 3 months to implement cyber security guidelines

RBI fines Mechanical Dept Primary UCB, Gorakhpur

February 22, 2019
Agricultural Science Congress in progress

Agricultural Science Congress in progress

February 21, 2019
Next Post

Nafed: Cabinet raises guarantee up to Rs1900 cr

Comments 2

  1. ISHWER C NAIK says:
    12 months ago

    Members of housing societies are required to contribute in the kitty (of which collective ownership rests with ali the members) the exact amounts as determined by the Committee and apportioned on every flat on the basis specified under the society’s registered bye laws. What is the service provided by the Committee (On behalf of the housng society) is collecting the member’s contribution and produring common amenities and services to every flats. What is the remuneration / service fees charged by the Committee? “ZERO” On what GST is to be computed? TURNOVER is a “commercial term” is expreesed as number of times the business enterprise turns over its “working capital” in a year to generate business profits. Can any body explain how these activities are laible to GST?

  2. ISHWER C NAIK says:
    12 months ago

    Yet another rationale for keeping members’ contribution out of GST net is this. The Housing Society acceses fromthe market common amenities and services enmass paying applicable service changres. The distribution of these amenities and services agisnt member contribution is not a commercial transcation and it can not be equated with business transaction at all.

Co-op Queries

Ask your cooperative-related
questions to Mr I C Naik
info@indiancooperative.com
Note: Must mention your State and the Society Registration Number

Query from Chandrashekhar Dudharkar

Query from Raghunath Godbole

Query from Amit Sachan

Query from Vivek Kirloskar

Currently Playing

PM Modi addresses public meeting at the inauguration of Amul Chocolate Plant in Anand, Gujarat

PM Modi addresses public meeting at the inauguration of Amul Chocolate Plant in Anand, Gujarat

00:35:01

SAHAKAR SETU -18 with Hon'ble Chief Minister Shri Vijaybhai Rupani on 5th August 2018.

00:58:21

Twitter

Facebook

RSS Bhartiyasahkarita

  • डीसीसीबी विलय: यूपी सहकारी ग्राम विकास बैंक विलय प्रक्रिया से बाहर
  • इंफोसिस का पहला कंप्यूटर सारस्वत बैंक ने खरीदा!
  • कैंपको करेगा चौथे कृषि यंत्र मेला का आयोजन
  • यूनाइटेड को-ऑप बैंक, हावड़ा को नहीं मिली राहत
  • पुलवामा हमला: चिखली अर्बन को-ऑप बैंक ने दिये परिवारों को 1-1 लाख रुपये
  • नवनिर्वाचित यूसीएफ अध्यक्ष को कोई अनुभव नहीं- प्रमोद
  • मेमोरियल लेक्चर: एकनाथ ठाकुर के सपने को पूरा करने का संकल्प
  • उत्तराखंड: भाजपा से जुड़े कॉपरेटरों का यूसीएफ पर कब्जा
  • सहकार भारती ने राधा मोहन सिंह को दिया धन्यवाद
  • सहकार भारती ने एमएससीएस अधिनियम पर समिति का किया गठन
  • About
  • Advertise
  • Contact Us
  • Privacy Policy
  • Submit Your Success Story
  • Hindi Version

© 2018.

No Result
View All Result
  • Home
  • Cooperative Federations
    • NCUI
    • NAFED
    • NCCF
    • NAFCUB
    • SUGAR COOP
    • Housing
    • NCDC
    • NFCL
    • IFFCO
    • KRIBHCO
    • Fishcofed
  • Banks
  • Dairy
  • Fertilizer
    • IFFCO
    • KRIBHCO
  • NCUI
  • Cooperator
  • ICA
  • Laws/Legislations
  • States
  • Privacy Policy
  • About
  • Advertise
  • Contact Us
  • Submit Your Success Story

© 2018.