GST charged on sale of lat agreement before date of occupation certificate (OC) but demand letter issued after oc .
In such case, whether GST to be paid to builder on the demand amount as per demand letter.
pl clarify
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gst charged on sale agreement before oc
Replies (5)
Yes, GST liability arose on the date of transaction.... & not demand!!
The sale of Flat took place before the completion certificate was issued. Thus GST has to be paid irrespective of the fact that demand letter was issued after completion certificate was issued.
but normally builder pays GST on the basis of demand letter issued and not on the basis of flat sale
However, As per the Act, GST is applicable only when completion certificate is not issued. Once the completion certificate is issued then Builder can not charge GST. Thus when the demand letter is issued does not matter. When sales take place is important to charge GST.
Can I get extract of GST law for the same..
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