23 February 2022
Dear Sir / Madam, in one of our clients we have Query related to GST Rate
facts of the case : As the Venture is started before 01/04/2019 we have opted old scheme at the time of exercising Option we have not reversed any ITC on the day of exercise of option because we want to continue in the Old scheme only we have claimed complete ITC on all Purchases we have purchased from unregistered parties for which also which we have not paid RCM approx 70% of the flat sales are occurred by entering development agreement & sale deed just recently after Receipt of completion of sale certificate, the transaction is done by sale deed only of sale certificate, the transaction is done by sale deed only
CAclubindia
