Q:No the said exemption is only for residential RWA societies, for commercial it is applicable from INR 1, if the association is having aggregate turnover above 20 L per annual as per GST law.Regarding second query if the association is working as pure agent , where actual liability is of the unit not society, than not applicable however in you case connection is in the name of society and same is collected on actual consumption basis GST shall be levied. The commercial unit can claim the same as input if they are registered. ?
Latest Answer: According to the Schedule 2 of the GST Act, renting out of an immovable property would be treated as a supply of services. GST, however, will be applicable only on certain types of rent such as a) When a property is given out on lease, rent, easement, or licensed to occupy, b) When any property is leased out (or let out) including a commercial, industrial, or residential property for business (either partly or wholly). These type of renting are considered as a supply of services. Service tax was set at 15% of the rent for commercial properties.
