Answer:
Funds to be raised by CHS are : • The repair and maintenance funds at the rate fixed by G.B subject to the minimum of 0.75 % per annum of construction cost of each flat. • Major repairs funds as and when required and decided by GB at the rate fixed on area basis. • The sinking funds at the rate fixed by G. B subject to the minimum of 0.25% per annum of construction cost of each flat. • Reserve funds as provided u/s 66 of the M.C.S Act 1960.
Answer:
Repairs and maintenance funds is utilized for meeting the expenditure on maintenance and normal repairs of the building of CHS by committee. Major repairs fund is utilized with prior approval of G.B. for major repairs such as plastering, Colour of buildings etc.
Answer:
Sinking funds are to be utilized on recommendations of architect and with prior approval of G.B for meeting the expenditure on structural additions or alterations to the building /buildings of CHS
Filing of Returns and Reports by Co-operative Societies under GST Laws
Input Tax Credit available to Co-operative Societies
Reverse Charge Mechanism under GST Regime applicable to Co-operative Societies
Maintenance Charges levied by Co-operative Societies and the GST thereon
Liability of Co-operative Societies under GST Laws
Applicability of GST laws to Co-operative Societies
Nominal Member in Co-operative Housing Society
Associate membership in a Co-operative Housing and Premises Society
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