Is GST applicable on repairs and maintenance?

The Central Board of Indirect Taxes and Customs (CBIC) notified that 5\% GST payable Maintenance, repair, or overhaul services in respect of ships and other vessels, their engines, and other components or parts.

Is house maintenance tax deductible in India?

No. one gets a standard deduction of 30\% under section 24 from income from house property. over and above that one cannot deduct exps for maintenance charges. Maintenance fees,the money you pay to maintain the property may be tax deductible, but only if you rent your timeshare.

Is GST applicable on installation charges?

Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5\%, 12\%, 18\% and 28\% respectively. Some of the categories under Erection, Commissioning or Installation Service are exempted from paying GST.

Are maintenance charges tax deductible in India?

Conclusions: As per provisions of section 23, annual value shall be deemed to be actual rent received or receivable by assessee and proviso provides for deduction of municipal taxes levied by any local authority and annual maintenance charges do not amount to taxes paid to local authority.

Is apartment maintenance tax deductible in India?

Further, when Income is calculated under the head House Property, then besides statutory deduction of 30\% u/s 24, an assessee is entitled only for deduction with respect to taxes levied by any local authority….

Can you deduct home maintenance?

Home repairs are not deductible but home improvements are. If you use your home purely as your personal residence, you obtain no tax benefits from repairs. You cannot deduct any part of the cost.