News & Media 2nd Sep 2022
Living whether independently or with family comes with its set of responsibilities. Do you live in a housing society where you are required to pay a maintenance fee? Are you aware of the kind of maintenance charges or how the residential welfare management functions? There is a 18 % GST applicable on the maintenance charges.
Against this backdrop, Harsh Shah, Partner at Economic Laws Practice (ELP) has been quoted by Times Property in their article titled ‘Where Is Your Maintenance Fee Getting Used?’. Harsh says, “One wonders if GST is payable on the entire amount of maintenance charges or only on the value exceeding Rs 7,500. GST in such cases is payable on the whole charges and not on the differential value.”