TaxTMI 
TaxTMI 
In the case of Builder constricting 28 storey tower, Has received Part Occupation certificate from Municipal Corporation for 23 floors. So for unsold Flats upto 23 floors and sold after Part OC. whether GST payable or to wait upto full and final occupation Certificate. Experts please opine.
GST on construction of Property
12 Jun 2025 
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GST on construction services: sales after completion certificate or first occupation fall outside GST; pre completion sales remain taxable.
GST on sale of flats turns on whether the entire consideration was received only after issuance of the completion certificate or after first occupation. Sales effected after the controlling completion/first occupation event are outside GST; sales before that event are taxable as construction services. A part occupation certificate limited to some floors exempts sales of those floors effected after that event, while sales of floors still under construction remain taxable. (AI Summary)
GST on sale of flats turns on whether the entire consideration was received only after issuance of the completion certificate or after first occupation. Sales effected after the controlling completion/first occupation event are outside GST; sales before that event are taxable as construction services. A part occupation certificate limited to some floors exempts sales of those floors effected after that event, while sales of floors still under construction remain taxable. (AI Summary)