https://www.taxtmi.com/forum/issue?id=113620 Builders must account for GST on the full contracted price of under construction flats; pre EMI interest, assured rental and late possession penalties cannot be converted into post supply special discounts under section 15(3)(b) by issuing credit notes. Customers seeking to treat those amounts separately must bill the supplier, and reverse charge does not apply for the period discussed. en-us Mon, 16 Apr 2018 08:10:40 +0530 Thu, 23 Jan 2025 15:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113620 Builders must account for GST on the full contracted price of under construction flats; pre EMI interest, assured rental and late possession penalties cannot be converted into post supply special discounts under section 15(3)(b) by issuing credit notes. Customers seeking to treat those amounts separately must bill the supplier, and reverse charge does not apply for the period discussed. Discussion-Forum GST Mon, 16 Apr 2018 08:10:40 +0530 https://www.taxtmi.com/forum/issue?id=113620