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18% GST on flat owners paying monthly maintenance of over Rs 7,500

Flat owners will have to pay GST at 18% if their monthly contribution to resident welfare association (RWA) exceeds Rs 7,500, the Finance Ministry said. RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more than Rs 7,500 per flat per month and the annual turnover of RWA by way of supply of services and goods exceeds Rs 20 lakhs. Where a person owns two or more flats in the housing society or residential complex, the ceiling of Rs 7500 per month per member shall be applied separately for each residential apartment. 

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