GST on sale of flat

[SANTOSH PATIL]

Dear Experts,

A builder client of mine entered into sale agreement of shop for ₹ 980000 in 2009 and received 730000 till 2013. In the financial year 2021-22 he got balance amount of 250000. In his books of accounts till date it was shown has stock in hand, Now my question is in financial year 2021-22 he has done sale deed. my question is with regards to GST tax does he needs to pay gst on entire amount or on bal amount of 250000, he had not paid service tax on above amount received, he got himself registered in service tax in 2013. Kindly guide me with your expert opnion and advise

AI Summary

GST Liability Query: Should GST Be Paid on Entire Amount or Only on $250,000 for Shop Sold in 2009? A builder sold a shop for 980,000 in 2009, receiving 730,000 by 2013 and the remaining 250,000 in the financial year 2021-22. The query concerns whether GST should be paid on the entire amount or just the 250,000. Experts provided varied opinions: some suggested GST is only due on the 250,000 as the earlier amount is time-barred under service tax laws, while others argued that the entire amount should be taxed. The issuance of a completion certificate and the timing of payments relative to GST implementation were also discussed as factors affecting tax liability.