Exemption to co-operative housing society from GST
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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.
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