‘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”.  The AAR bench, though, added the amount will be subject to GST at the time of actual supply of service—when maintenance serv…