The concept of
levying all services under the GST to
generate maximum revenue for Government with exception to threshold limit
In GST the threshold limit for each such activity is key parameters to decide whether the
exemption available or coming under ambit of
GST
In case of Flat
owners, there are more clarity required from Government side.
Recently the Tamil Nadu Authority for Advance Ruling
(AAR) had recently issued a notification on the lack of clarity about the
amount on which GST (Goods and Service Tax) applicable on maintenance charges
The clarification of maintenance charges exceeds
Rs.7500 what will be GST rate.
The AAR has
clarified that GST will be applicable on
the entire not on the difference amount
For example, if the maintenance
charges will be Rs.12000 then the GST will be payable on Rs.12000 not
on the difference amount Rs.12000 - Rs.7500
If the annual aggregate turnover doesn’t exceed Rs.20
lakhs then GST will be exempted
The Residents’
welfare association has to pay GST only satisfaction of both the conditions
1 Annual aggregate turnover is more than Rs.20
lakhs
2 Monthly maintenance charges exceed Rs.7500
Another clarification came if a person is having two units in single apartments then the
ceiling of ₹7500
per month per member will be applied separately for each residential apartment.
The Input tax for the Resident welfare association will
be available for tax paid on goods and services
from them Example Generators,
sanitary hardware fittings, repair and maintenance
charges etc
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