GST ON OFFICE

[NILESH PITALE]

Dear Expert

Our Client Entered in to the Agreement in the Month of March-2024 which was duly Registered and O C Received in the Month of Sept-2024.

Builder has now raised GST Demand.... is it Correct ?

Please Guide

[KASTURI SETHI]

Sh. Sadanand Bulbule Ji,

Sir, Thank you very much for your posts at serial nos. 16 & 17. Both contain very deep and meaningful messages. Both are thought provoking and motivate the readers to work hard to achieve something in life in a disciplined manner.

[Sadanand Bulbule]

Dear Sir

So kind of you for your soulful expressions. The fully matured minds can dive into any depth of ocean of good thoughts. In the darkness of everyday life,we need nothing but only light.Good thoughts always radiate illuminating light. Only we should be prepared to open our eyes, both internal and external.

Let us make use of this forum to inculcate the values of life besides value addition to our professional life. Profession is for life and life is not for profession, be it any.

[KALLESHAMURTHY MURTHY K.N.]

Dear Sirs,

Every word at  Sl. No. 22 is astounding, one should adopt to learning life with every footstep. 

[Sadanand Bulbule]

Dear Murthy

Thanks for your deep acknowledgment. 

[KASTURI SETHI]

Sh. Kalleshamurthy Murthy Ji,

Sir, Pl. go through all the replies of Sh. Sadanand Bulbule, Sir from all perspectives of life and not related to GST only. You will find gems in his language. Frankly speaking, I 'steal' his words, phrases, idioms, proverbs used by him in the fitness of things and use the same in interaction with my nears and dears.

[KALLESHAMURTHY MURTHY K.N.]

Sri Kasturi Sethi Ji, 

Your grace Sir.

[KASTURI SETHI]

Sh.Kalleshamurthy Murthy Ji,

Sir, Truth must be accepted and appreciated in a public forum wholeheartedly.

AI Summary

GST on pre OC payments: advance or instalment received before completion certificate attracts tax on construction services.
GST attaches where any payment to a builder is received before issuance of the completion certificate or first occupation; Schedule II para 5(b) excludes exemption unless the entire consideration is received only after OC or first occupation, so even minimal pre OC payments render construction service taxable. Analysis depends on the sale agreement date and precise timing of advances and instalments relative to OC.