Under construction building
This query is : Resolved
14 October 2018
If I Sold an under construction Flat of Rs. 3Cr and made an agreement. Out of 3Cr. I have Received Part payment of Rs. 1Cr.
then on which amount GST Will be Charged 3Cr. or 1Cr. at the time of receiving part payment.
then on which amount GST Will be Charged 3Cr. or 1Cr. at the time of receiving part payment.
14 October 2018
The GST will be applicable the time of supply of goods and services or both. In your case GST will be payable when you received the payment again supply of goods.
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