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GST ON MAINTENANCE CHARGES
No GST on maintenance charges of housing societies below this amount, government clarifies rules for levying GST on maintenanceThe Ministry of Finance clarified GST rules for housing societies in response to parliamentary questions. Residents are exempt from GST com...
Is 18% GST levied on maintenance amount when housing society is managed by builder?GST on house maintenance is needed to be paid by those who are paying more than Rs 7,500 per month and the RWA's turnover is more than Rs 2...
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...
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...
Real estate developers, RWAs liable to pay GST for over-charging electricity tariff from flat ownersThe Central Board of Indirect Taxes and Customs (CBIC) has clarified that real estate developers and Resident Welfare Associations (RWAs) w...
Electricity supply by realty firms, mall owners, airport operators to attract 18% GST"It is clarified that whenever electricity is being supplied bundled with renting of immovable property and/or maintenance of premises, as ...
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.
‘GST applies to 1-time maintenance deposit flat buyers pay builders’The AAR bench, though, added the amount will be subject to GST at the time of actual supply of service—when maintenance services or repairs...
GST rates for mobile phones, matchsticks, MRO services notifiedMobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versu...
Flat maintenance charges of over Rs 7,500 to incur 18% GSTThe ministry clarified the ceiling of Rs 7,500 per month per member shall be applied separately for those who own two or more flats in a ho...
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...
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...
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 ...
Will the prices dip? All you wanted to know about GST's impact on housingExisting taxes have a cascading effect & consequently, the accumulated tax liability falls on the customer, resulting in a higher cost when...
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...