GST – Started By: – dhirajlal patel – Dated:- 17-2-2019 Last Replied Date:- 20-2-2019 – 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 – Reply By Ganeshan Kalyani – The Reply = In my view, GST is applicable on the amount in excess of threshold limit for the first time. Subsequent year onward GST is applicable on the very first maintenance amount . – Reply By KASTURI SETHI – T
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T is applicable once Thrashhold of RS 7500/ exceeds ,but question is whether G S T is leviable on the entire amount or a difference of amount ,is the moot question ,on which there is no clarity and Co op societies are charging GST on the entire Amount – Reply By KASTURI SETHI – The Reply = GST is payable on the amount which is in excess of ₹ 7500/-. There is no doubt. If someone is paying GST on whole amount that is incorrect. It does not mean all should follow them.Those persons are paying out of phobia of the department. There are instances where the assessees adopt wrong practice by following others without understanding law. – Reply By KASTURI SETHI – The Reply = This is relevant extract of Notification No.12/17-CT(Rate) dated 28.
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