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Monthly maintenance charges collected by resident owner association
Is the maintenance charges. Collected by resident owner association from the residents , every month is liable for GST?
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A housing society has to collect GST from its members, if the aggregate of the charges during a financial (whether subject to GST or not) exceeds Rs 20 lakhs. The society, therefore, will have to obtain a registration under the GST for this purpose.
However, even if the society obtains this registration, it cannot levy GST, if the maintenance charge for a flat/member does not exceed Rs 7,500 per month.
More details at:: gst-exemption-monthly-charges-paid-to-a-housing-society
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