GST on society maintenance: Will your rent go up soon?
Flat owners in housing societies paying over ₹7,500 in monthly maintenance will now incur 18% GST, as per the government's latest directive. This tax applies if the society’s annual turnover exceeds ₹20 lakh. Residents may see significant cost hikes, urging them to recheck their society's tax status and plan monthly budgets accordingly under the new GST regime.