Business Standard

Sunday, December 22, 2024 | 10:30 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Homebuyers may have to shell out more for parking space, other services

The ruling may trigger fresh debate on the issue, experts said

8,000 homebuyers brace for Supreme Court hearing on Amrapali Group
Premium

Indivjal Dhasmana New Delhi
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
Topics : homebuyers

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in