‘Other charges’ collected by bldr to attract 18% GST

Mumbai: A recent ruling given to  Puranik Builders by the GST-Authority  for Advance Rulings (AAR) is likely to adversely impact both the builders and buyers as it may escalate costs. The AAR has held that “other charges” collected by a builder under a sale agreement will not be a composite supply and will attract goods and services tax (GST) at 18%.  From April 1, 2019, on housing…