Gstr 1 sale of flat after oc

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Account executive
23 Points Posted on 08 July 2020
whether to update in return
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On 08 July 2020 at 10:57 Report
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This discussion explores whether sales of flats, where the full payment is received after the Occupancy Certificate or first occupancy, need to be reported in GSTR-1. It questions the applicability of GST in such scenarios and clarifies the requirement for showing these sales in GST returns.

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1313 Points Posted on 08 July 2020
GST is no applicable if the entire consideration is paid after the issue of certificate of completion by a competent authority or after its first occupancy, whichever is earlier.
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On 08 July 2020 at 16:12
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Account executive
23 Points Posted on 08 July 2020
Such sale need to be shown in gst return?
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On 08 July 2020 at 16:27

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