Builders, RWAs liable to pay GST for over-charging electricity tariff from flat owners
Dated on: Thursday 2nd November 2023Real estate developers and Resident Welfare Associations (RWAs) will be required to pay 18% GST on electricity bills when they charge more than the power tariff prescribed by Discoms to flat owners. The Central Board of Indirect Taxes and Customs (CBIC) has provided clarification regarding the application of GST on the reimbursement of electricity charges received by entities like real estate companies, malls, airport operators, etc., from their lessees or occupants.
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