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Home > Forum > Bangalore > Buying property > What is the GST value of prestige Woodside and what are the other changes like maintenance,generator ...

What is the GST value of prestige Woodside and what are the other changes like maintenance,generator etc?


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1
A sum of Rs. 50 per sq ft will be charged as the advance maintenance fee for the first year and will be collected at the time of closing of your account. From the second year onwards, maintenance charges will be levied on a quarterly basis payable in advance. All future payments are to be made favouring the Property Management Company.
An additional sum of Rs 50 per sq ft corresponding to the super built-up area will be collected as Sinking Fund. This amount will be deposited in an Escrow Account and the accruals will be used for major expenditure.
Murali Krishnan


2
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges, VAT, Service Tax and any other taxes will be required to be paid as per the prevailing guidelines at the time of possession.

GST will be levied at effective rate of 5% without ITC on residential properties outside affordable segment, while GST shall be levied at effective GST of 1% without ITC on affordable housing properties
Shiva Reddy


3

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