WebDec 14, 2024 · Applicability of GST on housing societies. A nagpal , 14 December 2024. Share. GST is applicable to the societies as the society is offering services to its … WebApr 12, 2024 · The following is the rate of tax applicable to the cooperative society for the Financial Year 2024-22-Taxable income up to ₹ 10,000/- = 10% tax; ... The activities of the housing society would thus attract the levy of GST and the housing society would be required to register and comply with the GST Law.
Income Tax Amendments Applicable For A.Y. 2024-24 (F.Y. 2024-23)
WebFeb 2, 2024 · The Sind Maharashtra Co-operative Housing Society Limited (respondent) was a tenant co-partnership housing society, and B.D. Punjabi (respondent 2) was a tenant co-partner in regard to apartment … WebJul 25, 2024 · For most housing societies and apartment associations, Form 26Q is the most relevant as it deals with all non-salary deductions. Filing TDS is a slightly complex process. We recommend you take professional help from your auditor to file error-free, timely returns as there are penalties and late payment interest for non-filing/late … career services job search
Madras High Court Decision On Maintenance Charges In RWA And Housing ...
WebOct 23, 2024 · The Society shall create and establish the sinking fund by collecting contributions from its Members: The Sinking Fund at the rate decided at the meeting of the general body, subject to the minimum of 0.25 percent per annum of the construction cost of each flat incurred during the construction of the building of the Society and certified by … WebNov 17, 2024 · It should be remembered that in July this year the Central Board of Indirect Taxes and Customs (CBIC) had said that a cooperative housing society will have to levy and collect GST (at the rate of ... WebJun 27, 2016 · It is needless to add that if cooperative housing society is liable to pay Service tax, it can also claim CENVAT credit on input services received by it like security, housekeeping, garden maintenance etc. and utilize the same for payment of service tax. ... commission paid is RCM applicable under GST. F: CAN GST DEPARTMENT IMPOSE … career services jobs in singapore