https://www.taxtmi.com/caselaws?id=792861 A builder's supply of MHADA-reserved flats to identified allottees after the occupancy certificate remained a taxable works-contract supply under GST because the construction and transfer obligation arose at the plan-sanction and commencement-certificate stage, and additional FSI formed non-monetary consideration. The transaction was not outside GST as a sale of immovable property, as the completion-based exclusion did not apply where consideration was not received only after completion. For valuation, section 15(1) did not apply because price was not the sole consideration; the supply had to be valued under Rule 27 on open market value, using comparable flats in the same project, and not at the MHADA-prescribed regulated price. en-us Mon, 30 Mar 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792861 A builder's supply of MHADA-reserved flats to identified allottees after the occupancy certificate remained a taxable works-contract supply under GST because the construction and transfer obligation arose at the plan-sanction and commencement-certificate stage, and additional FSI formed non-monetary consideration. The transaction was not outside GST as a sale of immovable property, as the completion-based exclusion did not apply where consideration was not received only after completion. For valuation, section 15(1) did not apply because price was not the sole consideration; the supply had to be valued under Rule 27 on open market value, using comparable flats in the same project, and not at the MHADA-prescribed regulated price. Case-Laws GST Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792861