WebJun 10, 2024 · The GST on maintenance charges would be 18 percent for apartment owners who paid more than Rs 7,500. “In case the charges exceed Rs 7,500 per month … WebSep 10, 2024 · MUMBAI: The GST exemption on maintenance charges paid to a housing society by a member is available only if it doesn't exceed Rs 7,500 per month, the Authority for Advance Rulings (Tamil Nadu) has ruled. If the charges exceed the sum, the entire amount is taxable. In its order, the AAR bench provides a numerical illustration.
Mandatory To Have Audit Trail Feature In Accounting Software …
WebThe GST Authority for Advance Ruling (GST-AAR), Maharashtra bench, has said that if monthly charges collected from the members of a housing society exceed Rs 7,500 a … WebSep 1, 2024 · With example, turn a $500 premium the calculation is as follows: $500 (policy premium ex GST) + $25 (commission ex GST) = $525 (net premium) + $52.50 (GST) = $577.50 (gross premium) + $57.75 (duty charge, which is 10% von $577.50) = $635.25 (total you pay) While duty on life insurance was abolished on 1 July 2014, you may still … tasse dropshipping
‘GST applies to 1-time maintenance deposit flat buyers …
WebGST on maintenance charges to be 18% for flat owners paying over Rs 7,500. Flat owners will have to pay GST at 18%, if their monthly contribution to the residents’ welfare association (RWA) exceeds Rs 7,500, the … WebMay 11, 2024 · Commercial office spaces are usually expected to pay for common-area lighting, landscaping and irrigation, parking lot maintenance, sidewalks, driveways, stormwater, electric, janitorial services, management fees, sewage, window washing, stairwell, elevators, and lobby maintenance. Retail spaces such as shopping centers … WebSep 28, 2024 · (i) The common area maintenance charges are derived from same set of persons to whom the property had been given on rent. (ii) The charges are variable. Variableness of the charges does not intend to change the … the bully busters full