A big news is coming out for those living in the flat. The government is imposing 18 percent GST on maintenance of Rs 75,00 more month on housing society. People living in the society will be charged more money from the government as maintenance fees. Since then, there is a conversation between the people living in the society about whether this GST will also be applicable on their society or apartment.
According to the report of the Indian Express, the government has changed the housing rules, after which the apartment whose maintenance expenses will be more than Rs 75,00 a month. Or if the total maintenance expenses of the society will be more than Rs 20 lakh, then the rule of 18 percent GST will be applicable to them. According to the report, about 5 million people live in apartments in Bangalore, and at least 40 million people live in apartments in cities like Mysore, Mangaluru, Hubli and Belagavi. The 18 percent GST rule will be imposed on which flats. Its tax office can be cleared.
GST will not be on all apartments
GST will not be imposed 18 percent on all apartments by the government. If a person has a confusion whether his flat or society will come under this purview or not, for this he can go to the local Commercial Tax Office and check the status of his society by paying Rs 500.
How many times the return will have to be filled
According to the report, this discussion has started among the people living in the apartment in Bengaluru, whether they should now register GST. If registered once under this, then they will have to file returns 2 times a month. The first on the 11th of the month and the second on the 20th. Apart from this, a year -long return will have to be filled. People may have to spend 1-2 lakh rupees on repeated returns.