Running a Cooperative Housing Society (CHS) in India is not just about managing buildings, amenities, and maintenance—it also involves complying with several statutory requirements.
Failure to adhere to these obligations can result in penalties, interest charges, or even legal issues.
In this guide, we outline the key compliance dates and filing deadlines that every housing society should be aware of.
- Annual General Meeting (AGM)
Due Date: Within 3 months from the end of the financial year generally by 30th June.
Details:
Accounts must be audited by a government-approved auditor.
The audit report is essential for filing returns with the Registrar. - Audit of Accounts
Due Date: Within 3 months from the end of the financial year generally by 30th June.
Details:
Accounts must be audited by a government-approved auditor.
The audit report is essential for filing returns with the Registrar. - Filing with the Registrar of Cooperative Societies
Due Date: Within 6 months from the end of the financial year.
Details: The society must submit:
Audited financial statements
Annual return
Details of committee members
Filing ensures transparency and keeps the society in good legal standing. - Goods and Services Tax (GST) Returns (if applicable)
Due Date: Monthly or Quarterly, depending on the filing type.
Details:
CHSs with annual maintenance collections above ₹20 lakh must register for GST.
Regular GST returns like GSTR-1, GSTR-3B need to be filed to avoid penalties. - Income Tax Return (ITR)
Due Date: 31st July (for societies not subject to audit) or 30th September (if audit is applicable).
Details:
CHSs must file an ITR, even if they claim exemption under the principle of mutuality.
Income from non-members (e.g., bank interest, rent from telecom towers) is taxable. - Property Tax Payment
Due Date: As per municipal corporation schedule (often half-yearly or annually).
Details: Timely payment prevents interest and legal notices from local authorities. - Water & Electricity Dues
Due Date: As per the billing cycle.
Details: Utility bills must be paid promptly to avoid service interruptions.
Best Practices for CHS Compliance
- Maintain updated records of all members.
- Use digital accounting and record-keeping for accuracy.
- Display important notices on the society notice board and WhatsApp groups.
- Appoint a competent managing committee with clear responsibility sharing.
Final Thoughts
Compliance for Cooperative Housing Societies is not optional—it’s a legal necessity.
By following the important dates mentioned above, societies can maintain smooth operations, avoid unnecessary penalties, and build trust among members.
If your society needs professional assistance in meeting these obligations, CSLAWSHIP.in provides expert guidance in by-laws compliance, accounting, taxation, and legal filings.
Important Dates & Compliance Calendar for Cooperative Housing Societies
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