Resident Welfare Associations charging more than Rs 5,000 per member as monthly subscription and if the annual turnover of RWA by way of supplying of services and goods is more than Rs 20 lakhs, then GST provisions are applicable
In the GST regime, businesses with turnover of up to Rs 20 lakh are exempt. Further, if the aggregate turnover of such RWA is up to Rs 20 lakh in a financial year, then such supplies will be exempted from GST, even if charges per member are more than Rs 5,000. However, RWAs supplying of services and goods aggregating more than Rs 20 lakhs per annum will attract 18 % tax.
There will be no GST on annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation.