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GST on sales of under construction flat by investor

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152 Points Posted on 29 May 2019
If Investor book flat in under construction building and sold that flat before OC to someone else, whether original Investor need to pay GST on sales value. Or will it be treated as sale of flat and no GST.
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On 29 May 2019 at 10:46 Report
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SEO Sai Gr. Hosp.
211560 Points Posted on 30 May 2019

Yes, its supply, & subject to ITC with some conditions.

581 Reply
On 30 May 2019 at 09:02
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152 Points Posted on 30 May 2019
why ITC is allowed since he is supplying under construction flat and as per new rule no ITC ATO BUILDERS
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On 30 May 2019 at 09:04
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SEO Sai Gr. Hosp.
211560 Points Posted on 30 May 2019

Subject to..... with some conditions...

581 Reply
On 30 May 2019 at 10:19


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