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Invoice

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(Querist)
29 June 2012 Sir,

Is a builder of Group housing Project getting the money through installments under construction linked plan from various future customers, required to issue to invoices under Rule 4A of STR for such part payments received, even before anything in reality is sold or transfered till such date???

kindly resolve.
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 June 2012 No. Not at all. The existing system of AGREEMENT coupled with RECEIPT prevails.
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