Introducing Budgeting module in ADDA!

Budgeting. It’s that wonderful exercise, which you do to tell your money where to go, instead of wondering where it went. To give you more control towards managing finances of…

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GST Exemption Limit in ADDA raised to Rs. 7500

As per recommendations made by GST Council granting relief from GST on services provided by Resident Welfare Association, we have raised the GST exemption for residents to Rs. 7500 in…

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GST Press Release: On Services provided by RWA (Resident Welfare Association / Housing Society

Below is a Press Release from the government of India to rest various speculations around applicability of GST for Housing Societies.  There are some press reports that services provided by a…

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GST is LIVE on your ADDA!

As India prepares for this revolutionary change in tax system, your ADDA is now ready with relevant changes on GST. All the service tax settings where ever applicable have been moved…

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Goods & Service Tax (GST): Background & It’s effects on Housing Societies

What is GST? GST – Goods & Services Tax is all set to be one of the most impactful economic reforms to be implemented in last few decades and is…

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GateKeeper: The Journey from a Visitor Management System to a Comprehensive Security Management System

According to a research, 65% of people choose Apartment Living, because of the security it provides. A major part of our Apartment Maintenance Expenses also goes towards Apartment Security.  Yet there…

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Rs. 500 & Rs. 1000 ban: Tips For Money Management in Housing Societies

A bold decision by Modiji to ban old Rs 500 & Rs 1000 notes, may have you worried regarding impacts on housing society accounting and management. Here’s a few tips…

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[Webinar] Financial Audit of Your Apartment Complex and Closing of Accounts: Key Takeaways

Though we have conducted several workshops before on various topics related to apartment management and accounting, they were all conducted in Bangalore. Apartment Association Members from across the country had been requesting…

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Krishi Kalyan Cess on Service Tax in Apartment Complexes

According to the last Finance Budget 2016-17 laid before the Parliament, the Honourable Finance Minister had introduced a Krishi Kalyan Cess (KKC). This tax would be 0.5 per cent of…

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Collection Gateway Vs Payment Gateway: What to choose for your Housing Society

Collection Gateway is a sub-optimal method of collecting maintenance charges in housing societies, which many management committees are choosing, due to lack of awareness. Read on to know how it differs from…

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