Companies like OTIS and KONE supposedly are charging 12% GST on elevators installed for domestic use. They in return take some kind of bond signed from customers. However, all other companies are still charging 18% GST to their customers, even from those who install it in their private bungalows.
I would request experts from this group to shed some light on this matter. As this would really be helpful for private end-users. Can we also charge 12%, if yes then what would we require from customers?
Clarification Sought on GST Rate Discrepancy for Elevator Installations: 12% vs. 18% A discussion on a forum addresses a discrepancy in the GST rates charged on elevator installations for domestic use. Some companies, like OTIS and KONE, are reportedly charging 12% GST, while others charge 18%. An individual seeks clarification on whether a 12% rate is applicable and what documentation is needed from customers. A respondent points out that elevators typically fall under a category attracting an 18% GST rate according to official notifications. The original poster confirms that some multinational companies indeed charge 12%, based on observed quotations and invoices, and seeks further guidance. (AI Summary)
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