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Max possession charges and GST applicable on respective headers
25-Mar-2023 (In Property Law)
Recently purchased a flat at Thane Mumbai. Possession charges from builder as follows: Maintenance -1 yr at 6/ft2 (62000), Legal charges(10000), Electricity and water connection(40000), Society formation charges(10000), Infrastructure development charges(116250), Club charges(38750). Is GST @ 18% chargeable on all heads under possession charges. I am given to believe it is 12% for electricity and water charges (as related to development) and now possibly 5% in new regime. Also infrastructure development charges is not chargeable to GST as it is a civic body related charge. Pls guide
Guidance can be given after seeing all the Documents relating to your case. If Otherwise, advice will be given, I cannot guarantee you, that, it will be valid, perfect and legally correct advice. Thus, kindly send all your legal documents first and then connect.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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