Tax liability under g.s.t. on housing society r.w.a.
S.M.Bhalla
(Querist) 14 September 2017
This query is : Resolved
We are a small housing society R.W.A. Consisting of 146 flats.We are maintaining our society common areas through vendors.collecting maintenance charges from residents.Is there any Tax liability on us.
Hemant Agarwal
(Expert) 15 September 2017
1. "IF" the aggregate turnover of the RWA, exceeds 20 Lakhs Per Annum, THEN GST @ 18% is leviable.
2. All Statutory Taxes, Penalities, Fees (Property Tax, Water, NA ....) are exempted from the above (point no. 1)
Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com
Rajendra K Goyal
(Expert) 15 September 2017
Agree with the expert Hemant Agarwal.