Residential Flat Shares Sold Post-Completion Certificate Exempt from GST Under Revenue-Sharing Basis.

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Full Text of the Document

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....Exigibility of GST - supply of goods or not - sale of applicant’s share (40%) of residential flats - revenue sharing basis - the amounts received by the applicant, either by himself or through his agents, towards sale of their share of flats are not exigible to GST, if and only if the entire consideration related to such sale of flats is received after the issuance of Completion Certificate - AAR....