Hello friends in the current article we will discuss about implications of GST for housing societies. Housing societies are entities registered under the Co-operative laws of respective state or union territories. According to various laws in place ‘Housing societies’ means a society the object of which is to provide its members provide its members with open plots for housing, dwelling houses or flats or if open plots, the dwelling houses or flats are already acquired, to provide its members common amenities and services. When we put this definition simply the crux we get it is a collective body of persons, who stay in the residential societies and they collect various dues which they eventually remit to authorities and they also collect fee or dues for the maintenance of building of providing securities etc.
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