Service Tax registration for Housing Societies

The Procedure for Service Tax Registration for a Housing Society or Apartment Owners’ Association is as follows. 1. Application ST-1 needs to be filled. Can be downloaded here: http://www.servicetax.gov.in/forms/st1.pdf 2….

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Service Tax of 12.36% from 01-Apr-2012

Dear ADDA Treasurers, Some of you have written to us about when to start charging the Service Tax of 12.36%. The answer is: from 01-April-2012. While the Parliamentary approval on…

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Wishlist for Housing Society AGMs

It is April, and it is AGM time. While you get ready to ensure your Housing Society Management System – ADDA’s Admin Reports are ready to be shared or printed,…

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Tenant involvement in Society Accounting

Can the Housing Society levy charges directly on the Tenant? The answer is No. The Housing Society can levy all charges only on the Member, who is the Owner of…

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NOC for Housing Society Accounting

Many Societies charge a Non Occupancy Charges for Apartments that are rented.  These charges are made part of the Monthly or Quarterly Invoices or Demand Notes. Here are a few…

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Guide to Apartment Maintenance Charge Calculation

Every Housing Society or Apartment Owners Association at its formative stages has to decide on the structure of apartment maintenance charges it will collect.  through apartment maintenance app. Step 1: As…

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Complete Society Accounting Software

Today we launch a new Application in Society Accounting Software ADDA – an Application that gives the last mile solution for ADDA Treasurers for society accounting – The General Ledger…

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NetBanking for your Association Bank Account

Are you – as a Treasurer or Executive Committee member – looking at an alternative way of paying the Vendors other than Cheque payments. Most banks allow Association Bank Accounts…

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Society Accounting Requirements

The guideline for Book-Keeping requirements for Apartment Owners Association is detailed in the Societies Act (1960), some of the specifics about Common Profit & Losses is outlined in the Apartment…

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Welcoming April-2010 with Service Tax, Tally Integration and more!

The Tech team of ApartmentAdda has been burning gallons of midnight oil collating the Accounting related inputs from customers,and running through them with reputed Apartment Auditors. The latest release of…

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