https://www.taxtmi.com/forum/issue?id=117330 Reclassifying unsold building inventory as a capital asset without change of ownership and without a completion certificate raises GST questions. The prevailing view in the discussion is that a mere book adjustment does not constitute a supply and thus does not attract GST liability, though revenue authorities may argue the transfer falls within the provisions treating certain immovable property transactions as taxable when completion status is lacking. en-us Sat, 03 Jul 2021 16:45:56 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117330 Reclassifying unsold building inventory as a capital asset without change of ownership and without a completion certificate raises GST questions. The prevailing view in the discussion is that a mere book adjustment does not constitute a supply and thus does not attract GST liability, though revenue authorities may argue the transfer falls within the provisions treating certain immovable property transactions as taxable when completion status is lacking. Discussion-Forum GST Sat, 03 Jul 2021 16:45:56 +0530 https://www.taxtmi.com/forum/issue?id=117330