GST on construction for sale: amendment clarifies treatment where land value is included, with retroactive effect. Amendment replaces the earlier reference with an express provision covering construction of a complex, building or part intended for sale where the amount charged includes the value of land or undivided share of land, except where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier; the amendment is deemed effective from 20 October 2023.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST on construction for sale: amendment clarifies treatment where land value is included, with retroactive effect.
Amendment replaces the earlier reference with an express provision covering construction of a complex, building or part intended for sale where the amount charged includes the value of land or undivided share of land, except where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier; the amendment is deemed effective from 20 October 2023.
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