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Finance Minister Nirmala Sitharaman has clarified in Parliament that individual residents living in apartments are not liable to comply with Goods and Services Tax (GST) regulations, even if they pay monthly maintenance fees above Rs 7,500. The compliance responsibility rests solely with the apartment associations, not the residents. In a written reply to the Lok Sabha on Monday, the Finance Minister explained that apartment associations must register under GST if their aggregate turnover excee
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FAQ :
No, individual apartment residents are not liable for GST compliance on maintenance fees, irrespective of the amount paid.
The responsibility for GST compliance rests solely with the apartment associations.
Apartment associations must register for GST if their aggregate turnover exceeds Rs 20 lakh in a financial year (Rs 10 lakh in special category states).
GST is only applicable when the monthly maintenance fee per member exceeds Rs 7,500. Charges up to Rs 7,500 are exempt.
The GST rate on monthly maintenance charges exceeding Rs 7,500 per member is 18%.
No, residents are not required to issue any certification or declaration regarding GST liability.
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