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Housing societies are required to pay Goods and Services Tax (GST) on the entire monthly maintenance amount if the contribution from each member exceeds ₹7,500, the Central Board of Indirect Taxes and Customs (CBIC) has clarified in a recent circular.
The Ministry of Finance & Corporate Affairs has sought to clear the confusion among apartment owners and resident welfare associations (RWAs) over imposition of Goods & Services Tax (GST) on monthly maintenance.
The Authority for Advance Ruling, West Bengal in the case of Prinsep Association of Apartment Owners, In re [Order No.…
It is not uncommon for co-operative housing societies (CHS) in Mumbai to seek transfer fees on sale of a flat,…
There has been lot of confusion and ambiguities on the applicability of GST on Monthly Maintenance Charges. Whether entire amount would…
By, SHRI SHAILESH P. SHETH, ADVOCATE , M/S. SPS LEGAL The issue whether Members‟ Clubs, Housing Societies or Trade and Industry Chambers…