Itc Credit For Cooperative Housing Societies When Members Are Paying Mainteneance Below 5000

Priti thakkar
watch_later 3 years, 2 months ago


   we are a cooperative hsg society and our member are paying maintenance below 500 per month. how ever we have a rent income which takes our turnover to over 20 lacs.

 now my query is that if we register under gst , the whether we can claim ITC for security charges and house keeping charges even if our members are not coming under gst slab


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1 Answer

Raghu chilveri watch_later 3 years, 2 months ago

Nothing to do with members. The question is whether RWA is registered under GST. If yes then it can avail itc of gst purchases. 20 L limit is not mandatory as even a person with less than 20 L turnover can register under gst but it is mandatory for more than 20 L turnover.

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