Last updated: 2026-10-21
Good practice for society treasurers
- Give a receipt for every payment, and keep an office copy.
- Use one numbering series for the year, e.g. MNT-2026-001.
- Encourage UPI or bank transfers to the society's account rather than cash.
Important: only make receipts for money actually received. A false receipt can be treated as forgery.
Frequently asked questions
Does GST apply to society maintenance?
Only if the society's yearly turnover is over ₹20 lakh and a member pays more than ₹7,500 a month. Then GST at 18% applies to that member's whole amount. Most small societies don't charge GST.
Can a tenant claim tax benefit for maintenance?
No. Maintenance charges aren't deductible for a tenant. For an owner who lets the flat out, they're covered by the 30% standard deduction on rent.
Can I print receipts for many flats?
Yes. Your society details stay saved. Change the member, flat, number and amount for each receipt.
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