Is GST applicable on Monthly maintenance Charges collected for "Commercial Property" by association?
I am aware of the 7500 per month per house exemption for Resident Welfare Association, but my question is for the Commercial Office complex.
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GST ON MAINTENANCE CHARGES
Replies (5)
Quick Summary
Yes GST Applicable it cover under supply in GST
So GST is applicable if the total TO crosses the threshold limit. Am i Correct?
Yes if it crosses 20 lakhs
Yes GST is applicable on Maintenance Charges collected for Commercial Property as the same constitutes a SUPPLY u/s 7(1) of the CGST Act 2017.
W.e.f 22nd July 2019.
there are some changes
1. annual turnover of the resident welfare association is more than 20 laks.
monthly maintenance charges per month per member is rs. 7500 or less then it is exempted
2. annual turnover 20 lakhs or less than monthly maintenance charges is rs.7500 or less.
exempted from gst.
previously these above conditions were non existent.
there are some changes
1. annual turnover of the resident welfare association is more than 20 laks.
monthly maintenance charges per month per member is rs. 7500 or less then it is exempted
2. annual turnover 20 lakhs or less than monthly maintenance charges is rs.7500 or less.
exempted from gst.
previously these above conditions were non existent.
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