Relief to home builders and buyers over rates of goods and services tax (GST) on parking space and other subsidiary services by an authority for advance rulings (AAR) was short-lived, as an appellate authority modified the order of the former.
West Bengal-based AAR had earlier ruled that services such as preferential location charges (PLC), parking space, common area maintenance could be bundled with the main construction services. As such, these services could get one-third concession on the GST rate, technically called the abatement rate.
However, the appellate authority of advance rulings (AAAR) set aside the order to this effect. The