AAR (Goa): GST applicable to Advance Amount Received for Sale of Villas after Issue of Occupancy Certificate by Local Panchayat

The Advance Ruling Authority (AAR), Goa has held that the advance amount received for sale of villas on or after the appointed day prior to issuance of occupancy certificate by the local panchayat is considered as ‘construction services” and GST is applicable on two third of the total amount charged for such supply. The applicant is a limited Liability Partnership Firm engaged in th…