Gst on housing society latest advance ruling
WebApr 11, 2024 · The housing society, in turn, reflected a net sum of Rs 15 lakh under the head 'major repair fund' in its accounts. The balance Rs 2.7 lakh was the GST component. In its 2024 ruling, the AAR also held that it appears there is compulsion for an outgoing member to make a gratuitous/voluntary payment. WebApr 5, 2024 · The Maharashtra Appellate Authority of Advance Ruling (AAAR) has ruled that GST is payable on voluntary gratuitous payment from an outgoing member of a housing cooperative society. M/S Monalisa Co-operative Housing Society Ltd (the ‘Appellant’) is a co-operative housing society registered under the Maharashtra Co …
Gst on housing society latest advance ruling
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Weboperative Housing Society Limited, the applicant, seeking an advance ruling in respect of the following questions. Determination of the liability to pay GST on Maintenance … WebDec 9, 2024 · Criteria for applicable GST payment If the society’s monthly maintenance bill is more than ₹7500 per house, 18% GST is applicable on the entire amount. If a person …
WebAug 10, 2024 · GST at 18% is applicable on repair and maintenance funds and sinking funds collected by residents’ welfare association ( RWA) or Housing Society if the total … WebJul 23, 2024 · GST will be applicable at the rate of 18% to the member of a co-operative housing society on the entire amount of monthly maintenance charges if it exceeds Rs. …
WebJul 19, 2024 · Mumbai. Recently the Authority for Advance Rulings (AAR), Maharashtra bench, has held that Goods and Services Tax (GST) is chargeable against the … WebApr 8, 2024 · The Gujarat Authority for Advance Ruling (hereinafter referred to as “GAAR”) vide its Advance Ruling No. GUJ/GAAR/R/51/2024 dated 06.09.2024., gave the following ruling to the above question. “1. The subject supply for the purpose of security, cleaning and housekeeping services provided to the cited schools are exempt from GST. 2.
WebApr 11, 2024 · MUMBAI: Monalisa Cooperative Housing Society (CHS), located in Pedder Road, has lost its GST appeal with the Maharashtra bench of the Appellate Authority for …
WebDetails of the Authority for Advance Ruling (AAR) (179 KB) head clara \\u0026 maria townshipWebApr 11, 2024 · The housing society, in turn, reflected a net sum of Rs 15 lakh under the head ‘major repair fund’ in its accounts. The balance Rs 2.7 lakh was the GST component. In its 2024 ruling, the AAR also held that it appears there is compulsion for an outgoing member to make a gratuitous/voluntary payment. head circumference z scoreWebGoods and Services Tax Council GST goldilocks + 3 bearsWeb1 day ago · The payment received by the Cooperative Housing Society (CHS) from the departing member in the name of gratuitous payment/voluntary contribution is now taxable under the Goods and Services Tax (GST), according to a recent decision by the Maharashtra Appellate Authority for Advance Ruling (MAAR). head circumference who chartWebSep 11, 2024 · 1. Service should be by the RWA/ Housing society. 2. Applicant/ Housing society should provide the services to its own members. 3. Service provided by the … goldilocks 3 bears bookWebSep 17, 2024 · FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, KARNATAKA. ORDER ... 2024 KGST Act 2024 read with Rule 104 of CGST Rules, … goldilocks 3dWebDec 8, 2024 · MUMBAI: In a comprehensive ruling, the GST Authority for Advance Ruling (GST-AAR), Maharashtra bench, has addressed a host of issues, typically faced by co … head class