https://www.taxtmi.com/article/detailed?id=7473 Construction of complexes intended for sale is treated as a service when consideration is received before completion certificate; transfers after completion certificate are excluded. A reduced tax approach applies to such construction with full input tax credit but no refund of credit overflow, while composite works contracts attract a higher rate with full credit. The regime's fixed abatement for land valuation and refund restriction create allocation, timing, and cross-project adjustment uncertainties for common inputs, staggered sales, and in-kind consideration arrangements. en-us Mon, 26 Jun 2017 09:39:32 +0530 Mon, 26 Jun 2017 09:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7473 Construction of complexes intended for sale is treated as a service when consideration is received before completion certificate; transfers after completion certificate are excluded. A reduced tax approach applies to such construction with full input tax credit but no refund of credit overflow, while composite works contracts attract a higher rate with full credit. The regime's fixed abatement for land valuation and refund restriction create allocation, timing, and cross-project adjustment uncertainties for common inputs, staggered sales, and in-kind consideration arrangements. Articles Goods and Services Tax - GST Mon, 26 Jun 2017 09:39:32 +0530 https://www.taxtmi.com/article/detailed?id=7473