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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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