Society Maintenance Bills over Rs. 5,000 will attract 18% GST

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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 Bill exceeding Rs. 5,000 per month or the annual maintenance collection of a society is above Rs 20 Lacs.

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 was later exempted by the Customs, Excise and Service Tax Appellate Tribunal.

Regards
ACA SOURAV BAGARIA