gst on flat maintenance charges
BISWAJIT (service) (179 Points)
06 December 2018
Flat owner association can charge Gst on maintenance charges
3 Replies
Nivedita
(SME - Finance)
(758 Points)
Replied 06 December 2018
The GST replaced the earlier rate of maintenance charges of 15.55 per cent for apartments and societies with an 18 per cent slab, a clear increase of 2.5 per cent. The earlier rate covered a service tax of 15 per cent, a Swachh Bharat tax of 0.5 per cent and a non-agriculture tax of 0.05 per cent.
BISWAJIT
(service)
(179 Points)
Replied 06 December 2018
that mean if the per month maintenance charges exceed the limit 7500/- then association shall charges 18% Gst. am I right
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