TaxTMI 
TaxTMI 
TaxTMI 
GST ON CONSTRUCTION WORK IN PROGRESS SOLD TO ANOTHER FIRM
X X X X Extracts X X X X
X X X X Extracts X X X X
....ST ON CONSTRUCTION WORK IN PROGRESS SOLD TO ANOTHER FIRM<br> Query (Issue) Started By: - Kalpesh Shah Dated:- 28-6-2021 Last Reply Date:- 1-7-2021 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br....
X X X X Extracts X X X X
X X X X Extracts X X X X
....>Respected Seniors, My Querry is as follows : Facts : My client is a Partnership Firm having 4 Partners engaged in the business of Builders & Developers. They have Started Construction of a Buildi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ng and incurred expenses on Land, Labour, Material and other direct expenses. Project is affordable housing Project. Now out of 4 Partners, 2 Partners are getting separated in between and taking over....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Land and Construction WIP on the date of Change in constitution by executing a Separate Agreements. Query : 1. What will be the Rate of GST on Construction WIP Transferred ? Is it 18% or Some other....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... rate being WIP of Affordable housing Project ? 2. What if they make Single Agreement of Take over of Land and Construction WIP, will Rate of GST Change ? Need your Guidance on the above matter. Th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ank you in Advance. Reply By Ganeshan Kalyani: The Reply: Serial no. 2 of Notification 12/2017-CTR dated 28.06.2017 states as , "Services by way of transfer of a going concern, as a whole or an....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... independent part thereof. ". Refer this provision.<br> Discussion Forum - Knowledge Sharing ....