Webmaintenance charges paid to builder attract 18 per cent GST. 2) GST is not applicable in Housing association or RWA when service charges do not exceed Rs 7500 /- per month or the total charges of the society do not exceeds 20 lakhs per annum. This exemption is given only when Cooperative society is rendering services to its members. WebGST shall be paid @ 12% to builder. Plus it will not be charged on government dues or deposits like Electric Meter Charges/ Power Backup/ Water Charges/ Share Money/ Municiple Charges etc. Trust this clarifies your query. Feel free to call / get back in case of further clarifications. Thanking You. Regards, Rohit R Sharma BCOM, FCA, LLB, CERT. …
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WebSep 14, 2024 · Based on the amenities offered by societies, maintenance fees may range from Rs.2 to Rs.25 or even more per month. RERA: Real Estate Regulatory Authority. … WebJan 23, 2024 · When it comes to GST on maintenance charges by builders, I am afraid that the exemption doesn’t hold any grounds in such a case. Until RWA is formed, the … breath focus meditation
Maharashtra: ‘Other charges’ collected by builder to attract 18% GST
WebHowever, it is disappointing that the government imposes GST on maintenance fees exceeding Rs. 7500. This seems unfair, as the common citizen who is already paying for these basic facilities should not be burdened with additional costs. It is time for the government to review and amend the GST policy to eliminate the tax on maintenance … WebJul 22, 2024 · The circular also said that GST is applicable only in cases where the residential welfare association has annual turnover more than ₹ 20 lakh and the … WebAug 1, 2024 · Additionally, builders were not compelled to pay service charges on such maintenance payments previous to the advent of the GST regime in 2024. Since the builder would first charge this fee, the … breath focused meditation