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 »
 Non-filers of GST returns may face cancellation of registration
 GST calls from small town tax officers spook financial services companies
 GST return filing system not down, working fine: GSTN
 How to address the challenges expected from new GST returns
 GST portal crashes a day before monthly return deadline; taxpayers complain
 What the new GST should look like
 Govt ready to consider suggestions on tax filing GST simplification
 Businesses to get more time to file GST annual returns
 GST taxpayers alert! CBIC is going to use this unique number from Friday, here’s how it will benefit you
 GST only needs simplificationa
 GST: Evasion, returns and revenue boosting measures to feature at officers’ meet Monday

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