GST on Apartment Maintenance Charges: Exclusions & Inclusions
GST on apartment maintenance charges directly impacts residents and housing societies. If your monthly maintenance exceeds ₹7,500 and the society’s annual turnover crosses ₹20 lakh, GST may apply. Understanding the 18% GST rate, exemptions, inclusions, and compliance rules is essential fo
Society Maintenance Charges- Rules, Bylaws and Calculation
If you have ever opened a maintenance bill and wondered why the number keeps increasing or worse, you found yourself in a dispute with your housing committee, relax, you are not alone. Society maintenance charges are one of the most misunderstood aspects of apartment/society living in Ind
Housing Society Maintenance Due Notice Format and Samples
A maintenance due notice is often the first formal step a housing society takes to recover pending dues and keep community finances on track. In this article, you'll find ready-to-use notice templates, the key details every notice should include, customization tips, legal considerations,
What Is Housing Society Maintenance Receipt?
Housing societies require regular maintenance fees for the upkeep of common areas and amenities. These charges are legally payable by all residents and property owners. Maintenance amounts generally total around 0.75% of the flat’s construction cost annually. Payments may be made monthly,
CAM Charges in Electricity Bill: What Residents Should Know
Many residents feel confused when they see extra amounts labelled as CAM charges in electricity bills. It often raises questions about whether it is correct, who is charging it, and what it actually includes. In simple terms, cam charges in electricity bill are costs related to electricit
Bombay High Court: Housing Society Maintenance Dues Are Continuing Liability
Many housing societies struggle with unpaid maintenance dues. Residents delay payments, thinking old dues cannot be recovered after a few years. This creates financial stress for the entire community. The Bombay High Court has now made things clear. Maintenance dues are a continuing liabi
Guide to Bangalore Apartment Maintenance Charges and Costs
When purchasing an apartment in Bangalore, homebuyers would be interested in the purchase price, loan eligibility, and the builder’s reputation. Although these are important aspects, one thing is indispensable and is usually neglected is Bangalore apartment maintenance charges. These cost
Principle of Mutuality in Co-operative Society in India
The principle of mutuality in co-operative society means that members cannot make a profit from themselves. When contributors and beneficiaries are the same group, surplus funds are treated as savings, not taxable income. This concept protects housing societies and member associations fro