GST on goods & services offered by the authority

[Safal Suri (Gmail)]

Dear All,

Please be informed that all 3 authorities in Gautam Budh Nagar will henceforth be collecting 18% GST on all goods & services provided by the authorities w.e.f 1st July 2017.

I have a copy of office order of Greater Noida Industrial Development Authority. Please find the same attached with his post.

Similar orders have been passed or in process of being passed by other authorities and municipalities in Uttar Pradesh.

Cheers,

Safal Suri

Sent from my Samsung device

[अर्णब् मुखर्जी]

GNIDA to impose GST on 19 services; uploads details on website

Vandana Keelor | TNN | Jul 21, 2017, 11:58 AM IST

GREATER NOIDA: Greater Noida Industrial Development Authority (GNIDA) on Wednesday announced on its website the levy of goods and services tax (GST) on some of the income it generates from its allottees. The Authority has listed 19 heads under which it will impose the 18% tax including lease rent, rent from commercial property, property transfer charges, penal interest on missed instalments towards property owned, etc. This tax will be collected from allottees across all land categories including group housing, residential plots, industrial, institutional and commercial. The GST will be in effect from July 1, 2017, said GNIDA officials.

According to GNIDA officials, the tax will also be imposed on water and sewer charges besides water connection charges and building plan sanction fees. "Road cutting charges, parking charges and booking for parks for holding banquet functions will also attract GST," said an official from the finance department. "If an allottee needs to seek time extension for construction of property or restore a cancelled lease deed or building sanction, these services will also be imposed with an18% tax," he explained. "We have informed all the departments of the Authority to start collecting the tax from July 1, 2017," he added. "We will also soon put out a public notice in newspapers so that the people are aware of the imposition. This public notice has already been uploaded on our website www.greaternoida.com ," he said.

Meanwhile, both Noida Authority and Yamuna Expressway Industrial Development Authority (YEIDA) are yet to take a decision on the matter. Noida Authority officials said that they had held a meeting on Wednesday July 19 to discuss the details and fine print GST. "We are still working out how the tax will be levied and on which components of our income," said M.M Mishra, Financial Controller, Noida Authority. "Once all the details are worked out with our financial experts including our legal advisors, we will make the announcement to our allottees," said Amit Mohan Prasad, CEO Noida. "We have asked our financial experts to draw up a ready reckoner so that the GST is better understood and imposed correctly," he said.

Officials from YEIDA also said that they were in talks with their consultants and tax experts on the issue. "We will soon make the announcement," an official said.

http://timesofindia.indiatimes.com/city/noida/gnida-to-impose-gst-on-19-services-uploads-details-on-website/articleshow/59695710.cms

[Vivek Tripathi]

--
--
You have received this message because you have subscribed to the Google "YEIDA" group.
 
To visit this group, please click the link http://groups.google.com/group/yeida
To post a message to this group, kindly send an email to ye...@googlegroups.com
 
You can unsubscribe from YEIDA group through our web interface or via email.
(1) To unsubscribe through our web interface, please go to http://groups.google.com/group/yeida click the "Edit My Membership" link on the right-hand side of the group's homepage. Then click the "Unsubscribe" button on the page that appears.
(2) To unsubscribe from YEIDA group via email, please send an email to yeida+unsubscribe@googlegroups.com
 
For help or assistance, kindly contact one of our YEIDA group moderators: Arnab Mukherjee, Raj Yadav, Safal Suri, Nagin Chand, Naveen Deep Sharma or Harpreet Singh Guller via email: mode...@yeida.org
 
Alternatively you may write to Safal Suri at safa...@gmail.com or speak on +91-9811182828
---
You received this message because you are subscribed to the Google Groups "YEIDA (Yamuna Expressway Industrial Development Area)" group.
To unsubscribe from this group and stop receiving emails from it, send an email to yeida+unsubscribe@googlegroups.com.
To post to this group, send email to ye...@googlegroups.com.
Visit this group at https://groups.google.com/group/yeida.
For more options, visit https://groups.google.com/d/optout.

[Nirmal Jain]

UPSIDC had also decided to charge GST on all the charges corporation collects like Lease Rent, Time Extension Fee, Maintenance Charges, Interest on default etc. but have recently gone back on their decision and are charging GST ONLY on lease rent

Regards

Nirmal