TMI BlogComputation of GST ,on amount exceeding ThrashedX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - The Reply = Sh.Ganeshan Kalyani Ji is 100% correct. If maintenance charges are ₹ 8000/- on monthly basis per member, GST is to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be paid on ₹ 500/- and NOT on ₹ 8000/-. There is not even an iota of doubt. Threshold exemption of ₹ 7500/- is admissible. One should not compare it with Service Tax era.( Notification No.25/12-ST ). The anomaly has been rectified in the GST regime. - Reply By Ganeshan Kalyani - The Reply = Thanks Sri Kastrui Sir. - Reply By Ganeshan Kalyani - The Reply = Apology for spelli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng mistake. Pls. read as Thanks Sri Kasturi Sir. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = GST is applicable exceeding the threshold amount. - Reply By dhirajlal patel - The Reply = It 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 w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 28.6.17 as amended. Note Rate is NIL and Condition is NIL (Col.no.3 4 respectively) up to ₹ 7500/- (increased from 5000/-). No words. ' threshold exemption' have been used in this service . It is NI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... L rate up to ₹ 7500/- 77 Heading 9995 Service by an unincorporated body or a non-profit entity registered under any law for the time being in force, to its own members by way of reimbursement of charges or share of contribution - Nil Nil (a) as a trade union; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) for the provision of carrying out any activity which is exempt from the levy of Goods and Service Tax; or *(c) up to an amount of five thousand rupees per month per member for sourcing of goods or services from a third person for the com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mon use of its members in a housing society or a residential complex. * increased to ₹ 7500/- vide Notification No.2/18-CT(Rate) dated 25.1.18 - Computation of GST ,on amount exceeding Thrashed - Query Started By: - dhirajlal patel Dated:- 17-2-2019 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Shari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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