Will the order to pay GST on full amount if society maintenance exceeds Rs 7,500 a month open a Pandora’s box?
The GST Authority for Advance Ruling (GST-AAR), Maharashtra bench, has said that if monthly charges collected from the members of a housing society exceed Rs 7,500 a month, goods and services tax (GST) will be levied on the total amount and not on the differential value. This, say tax experts, can open a Pandora’s box as societies may find it difficult to recover GST arrears from owners or tenants…