Computation of GST ,on amount exceeding Thrashed
Query (Issue) Started By: – dhirajlal patel Dated:- 17-2-2019 Last Reply Date:- 20-2-2019 Goods and Services Tax – GST
Got 8 Replies
GST
Dear sir
\nIn 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
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nIn my view, GST is applicable on the amount in excess of threshold limit for the first tim<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ding the threshold amount. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Computation of GST ,on amount exceeding Thrashed Query (Issue) Started By: – dhirajlal patel Dated:- 17-2-2019 Last Reply Date:- 20-2-2019 Goods and Services Tax – GSTGot 8 RepliesGSTDear 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 … Continue reading “Computation of GST ,on amount exceeding Thrashed”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16814","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16814"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16814\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By dhirajlal patel:
\nThe Reply:
\nIt is true and undisputed that G S 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
\nReply By KASTURI SETHI:
\nThe Reply:
\nGST 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.
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