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    <title>GST on sale of flat by owner to third party mid construction</title>
    <link>https://www.taxtmi.com/forum/issue?id=117072</link>
    <description>Supply of an under construction flat attracts GST. Responses state that transfers during construction remain taxable and note that completed or ready to move in property does not attract GST under the interaction of Schedule II and Schedule III. The transactional question whether the developer must continue to account for GST on remaining installments or issue a credit note and recover tax from the new buyer is posed but not resolved in the replies.</description>
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    <pubDate>Mon, 08 Mar 2021 17:20:18 +0530</pubDate>
    <lastBuildDate>Thu, 23 Jan 2025 15:54:34 +0530</lastBuildDate>
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      <title>GST on sale of flat by owner to third party mid construction</title>
      <link>https://www.taxtmi.com/forum/issue?id=117072</link>
      <description>Supply of an under construction flat attracts GST. Responses state that transfers during construction remain taxable and note that completed or ready to move in property does not attract GST under the interaction of Schedule II and Schedule III. The transactional question whether the developer must continue to account for GST on remaining installments or issue a credit note and recover tax from the new buyer is posed but not resolved in the replies.</description>
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      <law>GST</law>
      <pubDate>Mon, 08 Mar 2021 17:20:18 +0530</pubDate>
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