GST clarification on Elevator installation
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....ST clarification on Elevator installation<br> Query (Issue) Started By: - Bhupendar Nagra Dated:- 17-10-2019 Last Reply Date:- 18-10-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>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 char....
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....ging 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? Reply By KASTURI SETHI: The Reply: "Companies like OTIS and KONE supposedly are charging 12% GS....
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....T on elevators installed for domestic use." You have used the word, "supposedly". Are you not sure ? Elevators, lifts etc. are classified under Chapter/Heading No.8428 which attract GST @18% vide Notification No.1/17-CT (Rate) dated 28.6.17 amended up to 31.7.19. (Serial No.327 B). Reply By Bhupendar Nagra: The Reply: Dear Sir, I am sure that MNC's are charging 12% but not s....
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....ure if all of them are charging. About a few companies, I am sure of. I have seen their quotation and invoicing, charging 12% GST. If you could go to this below-mentioned link, I am sure you will be more clear of what I am asking for. Thank you for taking out your precious time to reply. https://m.dailyhunt.in/news/india/english/financial+chronicle-epaper-finance/elevator+firms+baffled+over+eligi....
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