Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime

Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime https://www.taxtmi.com/news?id=18385 Supply of services and goods by a Housing Society RWA to its members for common use is exempt from GST up to a specified per-member monthly contribution and also exempt where the RWA's aggregate annual turnover from such supplies does not exceed a prescribed threshold; GST is payable on subscriptions only when both the per-member contribution exceeds the monthly threshold and the RWA's annual turnover meets or exceeds the turnover threshold. RWAs are entitled to Input Tax Credit on capital goods, goods and input services used for common facilities. en-us Thu, 13 Jul 2017 16:56:15 +0530 Thu, 13 Jul 2017 16:56:15 +0530 TaxTMI RSS Generator Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime https://www.taxtmi.com/news?id=18385 Supply of services and goods by a Housing Society RWA to its members for common use is exempt from GST up to a specified per-member monthly contribution and also exempt where the RWA's aggregate annual turnover from such supplies does not exceed a prescribed threshold; GST is payable on subscriptions only when both the per-member contribution exceeds the monthly threshold and the RWA's annual turnover meets or exceeds the turnover threshold. RWAs are entitled to Input Tax Credit on capital goods, goods and input services used for common facilities. News - Thu, 13 Jul 2017 16:56:15 +0530 https://www.taxtmi.com/news?id=18385