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

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

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Brief Summary of GST Rate Schedule for Goods

Brief Summary of GST Rate Schedule for Goods

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Nil Rate:

– Milk

– Curd

– Butter milk

– Live trees & other plants

– Cut flowers

– Fresh fruits & vegetables

– Cereals, flour, atta, besan & maida (without brand name)

– Bread, pappad, puffed or beaten rice

– Common salt

– Contraceptives

– Kumkum, bindi & sindoor

– Plastic bangles

– Stamps & judicial papers

– Newspapers, periodicals & journals

– Printed books

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5% Rate:

– Cream

– Skimmed milk powder & milk food for babies

– Products of animal origin

– Frozen fruits & vegetables

– Coffee & tea

– Spices

– Cereals, flour, atta, besan & maida (with brand name)

– Natural gums & resins

– Vegetable fats & oils

– Cocoa beans, paste & shells

– Pizza bread

– Rusks & toasted breads

– Ores & concentrates

– Coal, coke, kerosene & LPG

– Brochures & leaflets

– Building bricks

– Renewable energy devices

– Railway locomotives

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12% Rate:

– Butter & cheese

– Dry fruits

– Fruit & vegetable juices

– Namkeens, bhujia, mixture, etc.

– Marble & granite blocks

– Bio-gas

– Ayurvedic medicines

– Tooth powder

– Agarbatti

– Candles

– Umbrellas

– Copper or aluminium utensils

– Bicycles & other cycles (not motorised)

– Hand propelled & animal drawn vehicles

– Spectacle & contact lenses

– LED lights or fixtures

– Pen & pencils

– Sanitary towels, napkins, tampons & diapers

– Works of art, collectors’ piece & antiques

– Cellphones

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18% Rate:

– Refined sugar

– Sugar confectionery

– Pasta

– Corn flakes

– Pastries & cakes

– Jams & fruit jellies

– Preserved vegetables

– Sauces

– Soups & broths

– Ice creams

– Instant food mixes,

– Sharbat

– Supari

– Mineral water

– Vinegar

– Hair Oil

– Soap

– Matches

– Toilet or facial tissue

– Cigarette paper

– Registers, account books & note books

– Refractory bricks

– Ceramic tableware & kitchenware

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28% Rate:

– Chewing gum & bubble gum

– Cocoa powder, butter, fat and oil

– Chocolates & other food preparations containing cocoa

– Pan masala

– Aerated water

– Paints & varnishes

– Perfumes

– Sunscreen

– Beauty or make-up preparations

– Shampoos, hair cream or hair dyes

– Dental floss

– Shaving related products

– Deodorants

– Fireworks

– Signalling flares

– Articles of leather

– Plywood & vineered panels

– Wall papers

– Air-conditioning machines

– Refrigerators

– Washing machines

– Printers & photo copiers

– Vacuum Cleaners

– Speakers

– Monitors & projectors

– Motorcars, motor vehicles & motorcycles

– Camera

– Wrist-watches

– Musical instruments, its parts & accessories

– Mattress supports

– Lamps & lighting fittings

– Video game consoles & machines

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REGARDS
ACA SOURAV BAGARIA