Gst applicabity lon payment after completion certficate
This query is : Resolved
01 October 2017
Sir,If final payment for residential flat(equivalent to 30% of full value) made after getting completion certificate will GST be chargeable on such final payment or it will be an Exempt supply??Please give your valuable suggestion and if possible quote reference of any particular Section/circulars.Thanks in Advance.
01 October 2017
GST applicable on such payment as the house is purchased under construction.
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02 October 2017
Thank you sir.But purchase is not yet completed as property registration will be done after completion certificate,only agreement to sale made.Does this effect applicability of GST on balance payment? I will be glad to hear your views regarding this.
02 October 2017
As agreement for sale made and part payments effected before completion certificate GST applicable.
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