Remove 18% GST on Cooperative Housing Society

Signed 264/3000
Online Signatures: 264
To
Finance Minister
ajaitley@sansad.nic.in
18% GST is levied on members contribution towards common expenses in a cooperative housing societies. There was no service tax on members contribution to society. Service tax is now included in GST. Therefore 18%GST on members contribution towards common expenses in not justified. Following points may be noted:
1. Cooperative housing society is formed by members for their convenience.
2. Cooperative housing society is not a business entity.
3. Cooperative housing society is managed by members on voluntary basis without any remuneration.
4. Members pay contribution from their tax paid income. Therefore 18%GST on members contribution towards common expenses in a cooperative housing society is double taxation.
5. There is exemption from GST on members contribution of Rs.7500 per month. Therefore government may not collect substantial revenue.
6. However every society having a total contribution by members of Rs.20 lakhs in a year has to register for GST. This is resulting in a heavy burden of compliance in terms of expenses and filing of many returns.
7. In the past Courts have held that cooperative housing society are run on concept of mutuality. Therefore a tax can not be levied on members contribution towards common expenses.
8. However to impose GST government has changed the definition of cooperative housing society in GST Act.
9. GST on members contribution towards common expenses in a cooperative housing society is enriching Chartered Accountants.
In view of what is stated herein above we request Finance Minister to exempt Cooperative Housing Society from 18%GST in the interest of common man.
Kindly sign the petition if you agree with the above request for exemption from 18%GST on members contribution towards common expenses in a cooperative housing society.
The Petition was also marked to:
Shri Amit Shah
Shri Sushil Kumar Modi
 - contact@amitshah.co.in ; sushilkumarmodi@yahoo.co.in
GST should also not be levied on insurance premium for medical insurance, Personal Accident Insurance policies which are actually a social benefit. We are also paying income tax and paying insurance premium with already taxed
income. Hence the government of a welfare state which India purports to be should not inflict multiple taxes on the same unsuspecting taxpaying public.
Similarly RBI reserves should not be handed over to Government but used to expand the compensation payable by DEposit Insurance Corporation to bank depositors which is currently only Rs.1lac per depositor per Bank, a pittance in these days. The amount has been decided from inception and is to be enhanced especially in view of current heightened risk.
L.Kalavathi
Retired Bank Official,
Chennai, Tamilnadu
India
21/01/2019 more  
Jan 21
I suggest not only with the cooperative housing society but from all the sector or maximum with 6% GST ,This will not only boom the sector but give big relief to middle class society. more  
Jan 16
GST should be done away with - should not be levied by vendors also. Who is this brilliant person who thought about this only to harass the housing societies. This should be done immediately. more  
Jan 15
Should be removed with immediate effect. more  
Jan 15
Should be removed , society is non commercial organisation —Rajendraklodha more  
Jan 15

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