Taxability of composite construction-sales clarified; exclusion where full consideration received only after completion certificate or first occupation. The notification substitutes its opening paragraph to define the taxable supply as construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, and excludes cases where the entire consideration is received only after issuance of the completion certificate, where required, or after first occupation, whichever is earlier.
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Taxability of composite construction-sales clarified; exclusion where full consideration received only after completion certificate or first occupation.
The notification substitutes its opening paragraph to define the taxable supply as construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, and excludes cases where the entire consideration is received only after issuance of the completion certificate, where required, or after first occupation, whichever is earlier.
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