https://www.taxtmi.com/article/detailed?id=7785 GST is payable on transfers of under construction flats treated as construction services when consideration is received before completion or occupancy; transfers where full consideration is received only after completion or first occupation are not taxable. Time of supply is determined under Sections 12-13 and is often fixed when flats are identified, handed over, or recognised in accounts. Valuation uses Section 15 and Rule 27 for part money consideration. Input tax credit is available only for taxable supplies and is restricted or disallowed for construction of immovable property under Section 17, requiring reversals when supplies are exempt. en-us Wed, 20 Dec 2017 13:03:01 +0530 Wed, 20 Dec 2017 13:03:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7785 GST is payable on transfers of under construction flats treated as construction services when consideration is received before completion or occupancy; transfers where full consideration is received only after completion or first occupation are not taxable. Time of supply is determined under Sections 12-13 and is often fixed when flats are identified, handed over, or recognised in accounts. Valuation uses Section 15 and Rule 27 for part money consideration. Input tax credit is available only for taxable supplies and is restricted or disallowed for construction of immovable property under Section 17, requiring reversals when supplies are exempt. Articles Goods and Services Tax - GST Wed, 20 Dec 2017 13:03:01 +0530 https://www.taxtmi.com/article/detailed?id=7785