TaxTMI 
TaxTMI 
80% of purchases of input & Input services from registered persons
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....0% of purchases of input & Input services from registered persons<br> Query (Issue) Started By: - VISWANATH YARRAPAREDDY Dated:- 2-1-2021 Last Reply Date:- 10-1-2021 Goods and Services Tax - GST<br>Go....
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....t 2 Replies<br>GST<br>Sir, One firm is constructed one apartment consisting of 10 flats and one flat sold during the construction period and the GST paid on the same but the remaining 9 flats were so....
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....ld after obtaining the occupation certificate (OC), hence GST has not paid on 9 flats. Our doubts are: 1. 80% purchase of input & Input services from registered persons is applicable for entire apar....
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....tment or only to the extent of one flats 2. If all flats are sold after obtaining the occupation certificate (OC), then still is it applicable (80% of input & input services from registered persons) ....
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.... Reply By Rajagopalan Ranganathan: The Reply: Sir, In respect of 9 flats which are sold after obtaining occupancy certificate are exempt from tax. Hence the question of availing ITC in respect of th....
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....ese 9 flats does not arise. Therefore the question of availing ITC subject to the condition that 80% purchase of input & Input services from registered persons does not arise. In respect of one flat w....
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....hich was sold prior to obtaining occupancy certificate on which gst has been paid the above condition is applicable. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sri Rajagopalan S....
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