Dear sir
In case of a member of co op hsg society ,n the maintainable charges up to RS 7500/ charged by a society no GST is to be charged ,Now the question arises is if Maintenance charges exceeds thrashed limit of RS 7500/ then ,whether GST is to be levied on the entire Sum or only on the difference between Entire sum and thrashhold limit of RS 7500/ ,What does the provisions of GST stipulate in these understands
GST Applies Only to Maintenance Charges Above 7500 in Housing Societies, Not Entire Amount A discussion on a forum addresses the application of GST on maintenance charges exceeding 7500 for members of cooperative housing societies. The consensus among participants is that GST should only be applied to the amount exceeding 7500, not the entire sum. This interpretation aligns with the GST provisions, which offer a threshold exemption up to 7500. Despite some societies charging GST on the full amount, this practice is incorrect and likely stems from a misunderstanding of the law. The relevant GST notification clarifies that charges up to 7500 are exempt from GST. (AI Summary)
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