Goods and Services Tax (GST) is applicable when a home buyer buys a home. According to tax and investment experts, a flat owner and the RWA will have to pay GST subject to fulfillment of certain conditions. They said that after fulfilling the condition both RWA and flat owners will have to pay 18 per cent GST even when the RWA doesn't have GST registration. Jain said that GST will be paid by both RWA and the flat owners or by none. On how much GST will be levied if both RWA and flat owner fulfill the GST norms on maintenance SEBI registered tax and investment expert Jitendra Solanki said, "In case both RWA and flat owners fulfill the GST norms, both will have to pay 18 per cent GST on maintenance charges.

Source: Mint May 01, 2021 05:48 UTC