Apartment GST Tax: Due to increasing urbanization, apartment culture has now become commonplace in urban life. The Central Budget has made a major change for housing societies in 2025-26. According to the New Indian Express report, if an apartment is available per month, maintenance costs are Rs. 7,500 or more, or the annual collection of the society is Rs. If more than 20 lakhs, 18 percent GST will be charged on it. The decision has caused concerns among the residents of the luxurious flat or apartment in the urban area and especially in the posh area.
Who will be affected
According to the media report, about 1 lakh people live in the apartment in Karnataka only in Bengaluru, and, including other cities in the state, the figure reaches above 90 lakhs. According to the new rules, if the annual cost for works such as painting, lift repair, water tank cleaning, etc. by the society, it will also be under GST.
Many people expected the tax would be only 5 percent, but in reality it is 18 percent. If a society crosses the limit of Rs 20 lakh, it will have to pay a GST of Rs 3.6 lakh annually. If this situation continues for 10 years, a total of Rs 36 lakh will be.
Have to file returns twice per month
Now, there is also a debate among the people living in the apartment whether they should register GST. Once registered, it will be mandatory to file a return twice a month on the 11th and 20th. In addition, annual returns have to be filed once a year. For this, the annual cost of auditor fees and legal processes can be around Rs 1-2 lakh.
People are discussing the latest
People are now looking for ways to escape GST. Meetings are being held in many societies, discussions are being held in the WhatsApp group. Those who are not sure whether their society falls under the GST, they are visiting and questioning the local commercial tax office. As well as paying a fee of Rs 500, they can get an official certificate specifying their status.
Click on our topic to find out all the important news related to the business.
. Source
