regarding registry of building

Registration 148 views 4 replies
if a person receive part payment of registry with gst before getting certificate of completion and part payment receive after getting certificate ...my question is that after getting certificate do we need to comply gst on part payment received???
plz help me out
Replies (4)

Yes. Once you have made some part payment before completion certificate, All payment shall be liable for GST even if part payment is made after completion certificate. so in your case, you need to comply GST on whose payment which is received after completion certificate.

Regards,

Vivek K. Tiwari

Email: vktiwari.ca @ gmail.com

is there any section which gives proof

Read Section 7(1) (d), schedule- II, Para 5, which says - it is out of ambit of GST only when entire consideration is received after completion certificate 

thank you so much sir


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