Advance in case of construction property
Querist : Anonymous
We builder has constructed a building and it is 85% complete but we have not received completion certificate. We are selling a shop at the ground floor of that building, the agreement of shop value i.e 90 lacs is prepared and it is registered but the invoice for the same is not yet issued. We have received a advance from the buyer of Rs 5lacs.
Query: Whether on today's date when we have received only 5 lacs from the buyer, we have to pay GST on 5 lacs i.e on advance OR on 90lacs?
Querist : Anonymous
Can you send me the link or notification in which it is clearly written
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