A B ANGALORE BASED RWA HAD BEEN RAISING INVOICES FOR MAINTENANCE CHARGES ON ANNUAL BASIS WITH OPTIONS TO PAY THE SAME ON QUARTERLY/HALF YEARLY BASIS, WITH INTERES. FOR THE YEAR 2024-25 BILL FOR ANNUAL MAINTENANCE CHARGES HAD BEEN RAISED IN MAY 2024 PAYABLE BY MAY 31ST WITHOUT INTEREST AND DEFERRED PAYMENT SCHEME WITH INTEREST. DURING AUGUST THE STP AND LIFTS STOPPED FUNCTIONING AND HUGE EXPENDITURE IS INVOLVED IN PUTTING THEM BACK TO WORKING ORDER.
IN THE LIGHT OF THESE UNEXPECTED/UNBUDGETED EXPENDITURE THE ANNUAL BILLING IS SET TO EXCEED THE THRESHOLD LIMIT OF RS. 90,000.00 PER FLAT. THE AMOUNT BILLED IN MAY WAS RS. 48,000.00 AND ADDITIONAL BILLING FOR INCREASED MAINTENANCE IS RS. 55,000.00 PER FLAT.
THE MANAGING COMMITTEE PLAN TO RAISE THE BILL IN THE MONTH OF NOVEMBER 2024 FOR RS.55,000.00 AND DEPOSIT RS. 9,900.00 ONLY AS GST PAYABLE. SOME RESIDENTS FEEL THAT SINCE THE ASSOCIATION FOLLOWS ANNUAL BILLING GST IS PAYABLE ON RS. 1,03,000.00 AND THE CONCEPT OF RS. 7,500.00 LIMIT DOES NOT APPLY. PLEASE ADVISE.
SUPPOSE, DURING THE YEAR 2025-26 THE ANNUAL BILLING FALLS BELOW RS.90,000.00 CAN THE ASSOCIATION STOP COLLECTING GST AND DEPOSIT THE SAME.