Construction intended for sale: GST exclusion clarified where consideration includes land value, with completion certificate exception. The notification substitutes the opening paragraph of Notification No.15/2017-State Tax (Rate) to define the covered service 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, except where the entire consideration is received only after issuance of the completion certificate, if required, or after first occupation, whichever is earlier.
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Construction intended for sale: GST exclusion clarified where consideration includes land value, with completion certificate exception.
The notification substitutes the opening paragraph of Notification No.15/2017-State Tax (Rate) to define the covered service 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, except where the entire consideration is received only after issuance of the completion certificate, if required, or after first occupation, whichever is earlier.
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