Dattatray Kasale

Introduction If you are part of a housing society management committee  in India, you’ve likely wondered — “Does our housing society need to pay GST?”  or “How do we stay GST compliant?” In this blog, we’ll explain everything about Housing Society GST Compliance in India , step by step. Whether you’re a treasurer, chairman, or accountant , this guide will help you understand when GST applies, how to register, file, and stay compliant  — with practical tips from experts at My Society Accounts...

Housing Societies and Taxation: A Comprehensive Guide ======================================================= Housing societies are formed to manage common amenities, ensure the smooth functioning of residential complexes, and promote the welfare of their members. While their primary aim is not profit-making, housing societies do fall under the purview of Income Tax. Many committees and members often have questions: Do housing societies need to pay tax? What income is taxable? Are maintenance...

Introduction: Setting the Stage for Financial Transparency In the intricate dance of co-op society management, financial transparency...