Sir,
One firm is constructed one apartment consisting of 10 flats and one flat sold during the construction period and the GST paid on the same but the remaining 9 flats were sold after obtaining the occupation certificate (OC), hence GST has not paid on 9 flats.
Our doubts are:
1. 80% purchase of input & Input services from registered persons is applicable for entire apartment or only to the extent of one flats
2. If all flats are sold after obtaining the occupation certificate (OC), then still is it applicable (80% of input & input services from registered persons)
GST Rule Clarification: 80% Input Purchase Requirement Applies Only to Flats Sold Pre-Occupancy Certificate A firm constructed an apartment with 10 flats, selling one during construction with GST paid, while the remaining 9 were sold after obtaining the occupancy certificate, exempting them from GST. The query concerns whether the requirement to purchase 80% of input and input services from registered persons applies to the entire apartment or just the single flat sold during construction. Responses clarified that the 80% condition applies only to the flat sold before obtaining the occupancy certificate, as the other 9 flats are exempt from tax and the input tax credit (ITC) condition does not apply. (AI Summary)
TaxTMI 
TaxTMI 
