#WeeklyRoundUp: No GST On Monthly Housing Society Maintenance Charges Up To Rs 5,000

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Here is a good news for all property owners. The monthly maintenance charges, paid to the co-operative housing society (CHS) , will not attract Goods and Services Tax (GST) if it is Rs 5,000 or less. This was recently informed in the form of frequently asked questions by the Tax Research Unit of Ministry of Finance. Also, societies with the lower annual collection are likely to be exempted from GST.

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After the review of the status of Smart Cities Mission, Prime Minister Narendra Modi has urged states to focus on public-private-partnership-based smart city projects that can show results in next one year. Following the directive, the housing and urban affairs ministry has identified 261 impactful and PPP projects worth Rs 31,000 crore and Rs 32,000 crore, respectively, the states can focus on.

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Ruparel House in Malabar Hill is now up for a sale for an asking price of Rs 400 crore. The bungalow, which has a pre-Independence history, is a three-storeyed, sea-view structure constructed on a half-acre land parcel.

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The Yamuna Expressway Industrial Development Authority (YEIDA) has given a nod to the partial lease cancellation of Jaypee Group's two plots of land. The approval has come after the developer failed to pay YEIDA the outstanding dues worth Rs 4,342 crore despite repeated notices.

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The maintenance work of government buildings and housing complex will be outsourced by the Central Public Works Department (CPWD) , bringing down the expenses by almost 50 per cent. The CPWD's 16,000 employees of a total of 21,000 are engaged primarily in maintenance work. The department maintains more than 1.3 lakh government houses across the country including, 65,000 government accommodations in the national capital.

Source: Media reports