Invoice
This query is : Resolved
PRATEEK GOYAL
(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.
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.
Amol S Joglekar
(Expert)
29 June 2012
No. Not at all. The existing system of AGREEMENT coupled with RECEIPT prevails.
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