https://www.taxtmi.com/forum/issue?id=111447 The classification of sale of immovable property as a Supply under Clause 5(b) of Schedule II turns on whether the phrase "before its first occupation" is linked to receipt of the entire consideration; one reading links the first-occupation exception to timing of full payment (excluding supply where full payment is received after completion certificate or before first occupation), while an alternative reading treats first occupation as an independent temporal test. The practical advisory view stresses that the emphasis is on whether the entire consideration is received before or after completion/first occupation, with pre-completion receipts treated as services. en-us Tue, 31 Jan 2017 17:16:47 +0530 Thu, 23 Jan 2025 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111447 The classification of sale of immovable property as a Supply under Clause 5(b) of Schedule II turns on whether the phrase "before its first occupation" is linked to receipt of the entire consideration; one reading links the first-occupation exception to timing of full payment (excluding supply where full payment is received after completion certificate or before first occupation), while an alternative reading treats first occupation as an independent temporal test. The practical advisory view stresses that the emphasis is on whether the entire consideration is received before or after completion/first occupation, with pre-completion receipts treated as services. Discussion-Forum GST Tue, 31 Jan 2017 17:16:47 +0530 https://www.taxtmi.com/forum/issue?id=111447