GST on Resale of under construction property

This discussion explores the Goods and Services Tax (GST) implications when an under construction property is resold within a year, before the Occupancy Certificate (OC) is received. While GST typically applies to new property sales, the resale of an under construction property by an individual may not always fall under GST if it's considered a transfer of personal assets rather than a business activity. However, if the sale consideration is received before the completion certificate, GST might still be applicable.