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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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GST ON UNDER CONSTRUCTION FLAT PURCHASED & SOLD BY BUILDER AS AN INVESTMENT

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....ST ON UNDER CONSTRUCTION FLAT PURCHASED & SOLD BY BUILDER AS AN INVESTMENT<br> Query (Issue) Started By: - Kalpesh Shah Dated:- 19-3-2021 Last Reply Date:- 21-3-2021 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Respected Experts, Your Opinion is required on following Querry. Facts of the Case My Client is a Partnership Firm and their Nature of Business is Builders & Developers. The....

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....y want to Purchase an Under construction Residential Unit (1 Unit) by Paying Applicable GST. If they resale this Residential Unit before receiving Occupancy Certificate, then what will be Rate of GST Applicable to them ? Is it 18% or 12% (i.e. after allowing 1/3rd Deduction for Land Component in the unit Value) ? Is GST paid at the time of Purchase of this unit will be allowed as ITC ? Reply B....

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....y Himansu Sekhar: The Reply: Is it possible that sale deed will be made for an under construction building? Reply By KASTURI SETHI: The Reply: Yes. The supply/sale of under construction property is legally allowed. It is also practically possible. In the above scenario, rate of GST is 12%. Yes. ITC is permissible under Works Contract Scheme/Service. Not hit by Section 17(5) of CGST Act. Repl....

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....y By Kalpesh Shah: The Reply: Kasturi Sir Thank you for your views. But if my client is entering into this transaction as an Investor and not as a builder & Developer, then too it will get 1/3rd Deduction for Land Component ? Reply By KASTURI SETHI: The Reply: Investor is behind the curtain. He is not supplier of service.<br> Discussion Forum - Knowledge Sharing ....

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