The West Bengal bench of the Appellate Authority of Advance Rulings (AAAR) has upheld an earlier ruling and said that sale or right to use a car park is not naturally bundled with construction services.
Thus, it will not be treated as a composite supply and will attract GST at the higher rate of 18%. The AAAR’s ruling came in an appeal by Eden Real Estates, which is engaged in construction of residential apartments.
Source a2ztaxcorp
Latest Posts in "India"
- GST Officers Can Allege Fraud First and Prove It Later, Rules Madras HC
- CMS INDUSLAW Argues GST 2.0’s Next Phase Must Rethink Compliance
- Vendor Risk Under GST: A Complete Guide for Enterprises
- AI Invoice Reconciliation for GST: How Enterprises Recover Lost ITC
- No GST Payable on Machinery Returned for Testing Without Fresh Consideration
