GST applies to 1-time maintenance deposit flat buyers pay builders

GST applies to 1-time maintenance deposit flat buyers pay builders

Mumbai: The Gujarat bench of Authority for Advance Rulings (AAR) recently held goods and services tax (GST) would be applicable to a one-time maintenance deposit collected by a builder from its buyers as it is “non-returnable” in nature and is “for supply of services”.

News source : The Economic Times: Read Full News

 

 

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