Is GST applicable on flats where consideration is received before completion but completion certificate obtained before 1/7/17
5. Supply of services”
The following shall be treated as supply of services, namely :—
(b) construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.”
In other words, flats on which earlier service tax was applicable, will GST be applicable irrespective of CC?
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