Controversy Over Levy of GST on Residential Welfare Association
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- Last Updated on 5 August, 2021
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S.V. S. Raghavendra Rao – [2021] 129 taxmann.com 27 (Article)
The exemption limit provided under the GST law for paying tax on reimbursement of maintenance charges by a member of Residential Welfare Association (RWA) is Rs. 7,500/- per month. However, no registration is required if the Annual turnover of RWA maintenance charges is more than Rs. 20 lakhs, but monthly maintenance charges is less than Rs. 7500/- from a member. And if the maintenance charges are more than Rs. 7500/- per month per member, GST @18% shall be payable on the entire amount so collected.
In this article, the author has analysed relevant critical issues related to levy of GST on RWAs such as whether statutory payments be a part of taxable value, whether tax is payable only on value over and above threshold limit, etc. along with the impact of retrospective amendment to levy GST on RWA.
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