GST- Maintenance charges for apartments

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..... GST- Maintenance charges for apartments
Query (Issue) Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 7-9-2020 Last Reply Date:- 10-9-2020 Goods and Services Tax - GST
Got 4 Replies
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sir- maintenance charges collected is ₹ 3000/- per month totally 38 flats, but the apartment association is planning for renovation, so it collects ₹ 45,000/- per flat owner! so shou .....

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..... ld they register for GST? Reply By KASTURI SETHI: The Reply: Renovation is taxable activity. See the definition of 'Construction' under CGST Act. Registration is required. Reply By Ganeshan .....

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..... Kalyani: The Reply: I agree with the views of Sri Kasturi Sir. Further, maintenance upto ₹ 7,500/- per month, per member is exempt from GST. Reply By Shilpi Jain: The Reply: For future you .....

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..... could also consider taking a one time corpus fund if possible from the owners, the income from which can be used to cater to the capital expenses. The receipts to this fund would not be taxable. Fo .....

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..... r this specific transaction you could also check if pure agent conditions would satisfy for GST to be not liable. Reply By Ganeshan Kalyani: The Reply: In my view, threshold limit for registration a .....

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..... pplies to society as well.
Discussion Forum - Knowledge Sharing .....

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