Society Maintenance Bills over Rs. 5,000 will attract 18% GST
As per the latest Service Tax structure approved by the GST Council 14th meeting, the co-operative housing societies shall collect 18% from a society member for Service Maintenance Bills exceeding Rs. 5,000 per month or the annual maintenance collection of society. consequently, the co-operative housing societies will now have to re-work their maintenance bill heads to bifurcate taxes from...
As per the latest Service Tax structure approved by the GST Council 14th meeting, the co-operative housing societies shall collect 18% from a society member for Service Maintenance Bills exceeding Rs. 5,000 per month or the annual maintenance collection of society.
consequently, the co-operative housing societies will now have to re-work their maintenance bill heads to bifurcate taxes from the overall maintenance account head.
A few years ago, the Maharashtra government had levied 12.36% service tax on societies which were later exempted by the Customs, Excise and Service Tax Appellate Tribunal.
