dear experts,
i have completed the construction of buildings in 2014 but OC is not yet received.
now i have some unsold flats in that building which want to sale now,
Q-1
m i liable to pay GST on that flats??
Q-2
In 2014 i have paid VAT as per agreement value of sold flats but part payment of that flats is still outstanding which is recievable now, m i liable to pay GST on that outstanding payment??
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GST on unsold flats in completed projects
Replies (3)
1. yes
2. Yes
2. Yes
Thanks
11. No if you applied for oc earlier and it is pending with the municipal authorities and you can depend because your construction is completed earlier. 2. no you will not liable for gst, but you will be liable for service tax, since it had occurred in the service tax regime.
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