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9 pilgrims burnt to death as bus catches fire near Nuh in HaryanaSpain denies dock permission to ship carrying arms to Israel12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryI-T - Additions framed on account of unexplained cash credit & unexplained money, are not tenable where cash deposits & withdrawals were of personal funds & were done through banking channels: ITATUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATSwati Maliwal case takes new turn with Kejriwal’s assistant Bibhav Kumar filing FIR against herI-T- Unexplained money - Additions sustained as assessee unable to provide proper explanation for amount withdrawn & subsequently deposited into same bank account: ITATIndia says Chabahar Port to benefit Central Asia and AfghanistanRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - Order re-determining transaction value based on CRCL test report is not correct & hence unsustainable: CESTATPutin says NO to Macron’s call for ceasefire in Ukraine during OlympicsCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATBrazil to host women’s World Cup 2027Cus - If there is additional consideration for sale, then proper course for the officer is to reject transaction value & re-determine value under Rule 4 or Rule 5 or Rule 6 sequentially: CESTATSC upholds ICAI rules capping number of audits per year

MESSAGE BOARD

   


GST APPLICABIITY FOR CO OPERATIVE HOUSING SOCIETY

We are running a Co-operative Housing Society registered under the Gujarat Cooperative
Societies Act 1961. We have one land in the name of the Housing Society
and as of now there are 11 members in the Society.
Now, we are planning to make the Residential Properties on the land of the society
and allot the same to the already members of the Society as well as if any other
person wants that flat, we shall allot him by making a member to society.
Our Queries are as follows: -
1) What shall be the GST implications for Services provided by the Housing society
to its already members i.e 11 ?? Do we need to take GST registration and pay
GST under Housing society as it is providing service to its members ??
2) Will the treatment be same for the other new members also as for the existing
11 members ??
Please support your reply with related GST rules, Sections, notifications or circulars.

RAMNIRANJAN KANDOI 01/03/2021

 

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