Thursday 25 May 2017
GST means 2.5% more tax on a flat's maintenance charge
Once the GST regime rolls in on July 1, apartment owners will have to pay about 2.5% additional tax on maintenance charges. The tax is applicable on flat owners who pay a maintenance charge of above Rs 5,000, excluding property tax, stamp duty, and electricity and water charges.
You can read more here: GST means 2.5% more tax on a flat's maintenance charge
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