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sale of resedential property in the month of July,20 percent advance received in the year 2015-16, occupancy given to the customer in the year 2016-17,but registration of the flat and balance 80 percentage taken in the month of july2017.kindly advise.
Replies (2)
When was 'completion certificate of the property' received?
Exactly, it doesn't matter when the registration /sale deed was made , what matters is all amount is to be received after the issue of completion certificate by Elegible Competent authority. So as what Dhirajlal sir said, please look into when was the completion certificate issued. Even if Rs.1 is taken before that to book the flat then also GST will be levied.
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