Co-operative socety

[Lakshmi NV]

Liability of Co-operative societies under GST.If co-operative society conduct chitty and received chitty commission and processing charges from its members whether liable for GST.If society is running a consumer medical store whether it liable for SGT

AI Summary

Co-op Society's GST Liability: 18% Tax with Full ITC on Chitty, Commissions, Medical Store; Verify Possible 9% Rate. A co-operative society inquired about its liability under the Goods and Services Tax (GST) for conducting chitty and receiving commissions and processing charges, as well as for operating a consumer medical store. The responses indicated that these activities are taxable under GST at 18% with full Input Tax Credit (ITC), consisting of State GST (SGST) and Central GST (CGST). However, there was a mention of a possible reduced rate of 9% for certain circumstances, suggesting the need for further verification.