News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
GST - Goods and Services Tax »
  GST returns have to be filed by August 31
 How recent amendments in GST will benefit registered taxpayers?
 GSTN releases offline tool of new GST return for trial run
 Firms may get to raise prices after transferring GST cuts
 GST Council meet to decide on slashing tax rate for e-vehicles postponed
 Now, interest to apply only on net cash liability of unpaid GST
 GST applicable on entire building maintenance charge if above ?7,500: FinMin
 How has GST Revolutionised India's Economy
 Reaping best benefits requires laws and compliance structures be made simpler GST
 Management of Good & Services Tax Audit by GST Department
 Sitharaman's first Budget gives breather for delay in payments towards GST
  Finance Minister addresses the Central Board of Directors of Reserve Bank of India
  RBI releases Draft Report of the Internal Working Group on Comprehensive Review of Market Timings
 Exemption to handloom sector from GST
 Steady decline in number of return filers in last four months GST

GST applicable on entire building maintenance charge if above ?7,500: FinMin
July, 23rd 2019

The finance ministry on Monday clarified that goods and services tax (GST) is applicable on the entire maintenance charge levied by taxable residential welfare associations if such charge is above ?7,500 a month for a member of the body.

In a circular issued to clarify the applicability of GST on building maintenance charges, the ministry said that in case the charges exceed Rs. 7,500 a month per member, the entire amount is subject to 18% GST, not just the amount in excess of ?7,500.

The circular also said that GST is applicable only in cases where the residential welfare association has annual turnover more than ?20 lakh and the maintenance charged is more than ?7,500. The clarification also said if a person owns more than one house and pays more than ?7,500 maintenance for both the houses together, but less than this threshold individually, it is exempt from GST.

The circular also said that GST is applicable only in cases where the residential welfare association has annual turnover more than ?20 lakh and the maintenance charged is more than ?7,500. The clarification also said if a person owns more than one house and pays more than ?7,500 maintenance for both the houses together, but less than this threshold individually, it is exempt from GST.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions