GST on advances received for supply portions under turnkey contracts

In re Vijai Electricals Limited (GST AAR Gujarat) The Gujarat Authority for Advance Ruling (AAR) recently addressed a significant query regarding the applicability of Goods and Services Tax (GST) on advance payments and the divisibility of turnkey contracts in the case of M/s Vijai Electricals Limited. The applicant, engaged in EPC contracts with various distribution companies, sought clarification on several points, including the applicability of GST on advances received for supply portions under turnkey contracts and the divisibility of such contracts. Background of the Applicant M/s Vijai E...