What will be the Time of Supply in case of sale of flat by a builder??
Date of issue of completín certificate:or
Date of first occupation;or
Date of first instalment of consideration.
What will be the Time of Supply in case of sale of flat by a builder??
Date of issue of completín certificate:or
Date of first occupation;or
Date of first instalment of consideration.
For this sale to be taxable, some part of consideration must be received before issuance of completion certificate or date of first occupation. If TOS is taken whichever is earlier it will always date of consideration.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
