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GST ON ANNUAL MAINTENANCE
GST portal won't work on August 2 and 3 during these times due to scheduled drillAttention GST taxpayers, the GST Common Portal will be unavailable on August 2nd and 3rd, 2025. This is due to a scheduled disaster recover...
Pay GST on society maintenance if monthly charge is more than this and annual collection is above Rs 20 lakhGST: Every homeowner who is paying more than Rs 7,500 per month as house maintenance charges to the Resident Welfare Association (RWA), hou...
FASTag, NPS, credit card, debit card, insurance rule changes: Major money changes from April 1Money rule changes in April: Let's see major financial changes and new norms that will come into effect from April 1, 2024. Changes include...
SBI hikes annual maintenance charges related to these debit cards from April 1, 2024: Check detailsSBI debit card charges: State Bank of India (SBI) has revised the annual maintenance charges related to certain debit cards. Here is a look...
Demat account charges: Zerodha, AngelOne, ICICI Direct, SBI Securities, HDFC Securities, GrowwThere are various charges involved when it comes to maintaining a demat account and it varies with each brokerage.
India Post Payments Bank to charge annual maintenance and re-issuance fees for virtual debit cardsWith effect from July 15, 2022, India Post Payments Bank (IPPB) has introduced annual maintenance and re-issuance charges for its virtual d...
Homebuyers oppose hike in maintenance fee during lockdownEros group, which runs a housing society by the name of Eros Sampoornam has issued notice of hiking maintenance charges from Rs 1.95 per sq...
All you need to know from the 39th GST Council meetAddressing the media after the meeting, Finance Minister Nirmala Sitharaman also said that a better GSTN system to be ensured by Infosys by...
18% GST on flat owners paying monthly maintenance of over Rs 7,500As per the rules, RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more th...
You may be paying higher tax on annual maintenance billsConflicting rulings on annual maintenance contracts have caused considerable confusion in the industry.
GST confusion forcing companies to charge more on annual maintenance billsIn view of divergent rulings by AARs (Authority for Advance Rulings), some companies are charging higher rate (28%) even on annual maintena...
GST led to improved efficiency, moderated retail inflation: CII surveyAccording to a CII report on the transition to the Goods and Services Tax (GST), its implementation led to increased efficiency for busines...
Aviation MRO companies want 18% GST scrappedThe industry has made a representation to the aviation ministry seeking an exemption from GST, arguing that it makes servicing aircraft in ...
No GST on housing society maintenance up to Rs 5,000Maintenance charges are collected by a co-operative housing society for purposes like providing security, lift upkeep, maintenance of commo...
Flat maintenance charges shoot up to 18% post-GSTProperty manager Chandrasekar Kaliamurthy said the maintenance charges of 15 apartment complexes on Rajiv Gandhi Salai have gone up in the ...
No GST on sale of old jewellery, RWA servicesHowever, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax under the reverse charge mechanism will app...
Take note! Lodging in school hostels kept out of tax net“Annual subscription charged as lodging or boarding charges by such educational institutions from its students for hostel accommodation sha...
No GST on housing society RWA with turnover below Rs 20 lakhServices provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime...
5 reasons why living in housing society will be expensive under GSTWhile buying a house may or may not become cheaper, living in a gated society is surely going to burn a big hole in your pocket in the comi...
GST means 2.5% more tax on a flat's maintenance chargeThe existing rate of 15.55% on maintenance charges will be replaced by 18% which will be applicable on housing societies having annual corp...