https://www.taxtmi.com/caselaws?id=429215 Ongoing residential apartment projects not covered by the specified concessional scheme fall under the general rate entry in Notification No. 11/2017-Central Tax (Rate) as amended, so the construction services are taxable at 18%. For valuation where the supply involves transfer of land or an undivided share of land, the notification prescribes a deemed land value of one-third of the total amount charged, which is deducted from the consideration to compute taxable value. Construction of apartments intended for sale is treated as a supply of service under Schedule II, except where full consideration is received after completion certificate or first occupation. en-us Wed, 01 Jun 2022 00:00:00 +0530 Thu, 10 Apr 2025 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429215 Ongoing residential apartment projects not covered by the specified concessional scheme fall under the general rate entry in Notification No. 11/2017-Central Tax (Rate) as amended, so the construction services are taxable at 18%. For valuation where the supply involves transfer of land or an undivided share of land, the notification prescribes a deemed land value of one-third of the total amount charged, which is deducted from the consideration to compute taxable value. Construction of apartments intended for sale is treated as a supply of service under Schedule II, except where full consideration is received after completion certificate or first occupation. Case-Laws GST Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429215