25th GST Council headed by the Union Finance Minister Arun Jaitley has recommended many relief measures regarding GST rates on goods and services covering many sectors and there is great news for RWA/Housing Societies/Apartment Owners Associations. GST Council has released a circular stating the below. A notice about the same is expected by 25th of this month.
Exemption limit of Rs.5000/- per month per member to Rs.7500/- in respect of services provided by resident welfare association to its members against individual contribution.
More details can be found here.
Also attached is the document which talks about the changes made.
As more clarity emerges your ADDA will have the changes available promptly, as usual. We will keep you posted about the changes which will be in effect. Please get in touch with your auditor for further clarity about applicability of the same for your society.
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