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?
GST rate on elevators: tariff classification drives standard tax rate, yet some suppliers apply a lower rate, raising documentation questions. Elevators and lifts are ordinarily classified under the tariff heading for lifting machinery and, pursuant to the cited revenue notification, attract the standard GST rate; however, some suppliers are invoicing domestic installations at a lower rate and taking bonds or undertakings from customers, raising whether private end-users may be charged the lower rate and what documentary requirements are necessary to justify that treatment. (AI Summary)
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