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

[KASTURI SETHI]

Yes it is taxable. GST @ 18% with full ITC.(SGST +CGST).

[Ramesh Kothari]

Yes texable @18%

but somewhere I seen exemption n rate reduced to 9% Pl check

 

AI Summary

GST liability for co operative societies: chitty commission and medical store sales are treated as taxable supplies subject to verification.
A co operative society that operates a chitty scheme and collects chitty commission and processing charges from members is supplying taxable services and is prima facie liable to tax under GST, with input tax credit available on inward supplies attributable to that taxable activity. Sales by a society operating a consumer medical store are generally taxable as supplies of goods unless a specific exemption or concessional rate applies and should be verified against current notifications.