Exemption to co-operative housing society from GST
0 have signed. Let’s get to 100!
It is learnt that the co-operative housing societies also have been brought under the purview of GST which is expected to be brought into effect from 1st July, 2017. The co-operative housing societies are not a commercial organisation but formed with the prime intention to promote general welfare and for mutual benefit of their members, formed in accordance with co-operative principles. As neither goods are produced nor services are rendered for the benefit of any outsider, the levy of GST proposed on co-operative housing societies (CHS) is quite illlogical and against the spirit of cooperative movement. It is similar to a joint family and hence levying GST on CHS will be similar to levying GST on a family for carrying out its daily activities for its own family members.
Immediate action, therefore, needs to be taken to urge the Government to exempt the CHS from the GST.
Today: LS is counting on you
LS Krishnan needs your help with “Change.org: Exemption to co-operative housing society from GST”. Join LS and 68 supporters today.