Sale of flats under GST whether to be shown in Turnover.He is also doing sale of taxable supplies.

Sale of flats under GST whether to be shown in Turnover.He is also doing sale of taxable supplies. https://www.taxtmi.com/forum/issue?id=116152 Sale of a flat after issuance of the completion certificate is treated as a no-supply under Schedule III and reported in returns as exempt supplies; its value must be included for input tax credit apportionment under section 17(3). Sales before completion are taxable supplies and included in aggregate turnover. If distinct business verticals exist, completed-flat sales are shown as exempt in the return while other taxable supplies are reported separately. en-us Wed, 18 Mar 2020 16:04:46 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator Sale of flats under GST whether to be shown in Turnover.He is also doing sale of taxable supplies. https://www.taxtmi.com/forum/issue?id=116152 Sale of a flat after issuance of the completion certificate is treated as a no-supply under Schedule III and reported in returns as exempt supplies; its value must be included for input tax credit apportionment under section 17(3). Sales before completion are taxable supplies and included in aggregate turnover. If distinct business verticals exist, completed-flat sales are shown as exempt in the return while other taxable supplies are reported separately. Discussion-Forum GST Wed, 18 Mar 2020 16:04:46 +0530 https://www.taxtmi.com/forum/issue?id=116152