GST applies to flat buyer’s maintenance deposit: Gujarat bench of Authority for Advance Rulings

AHMEDABAD: The Gujarat bench of the Authority for Advance Rulings (AAR) recently held that goods and services tax (GST) will be applicable to one-time maintenance deposits collected by builders from buyers as it is “non-returnable” in nature and is “for supply of services”.  The AAR bench, though, added that the amount will be subject to GST at the time of actual supply of service — when main…