Respected Sir/Mam, where a real estate developer sells an under-construction flat to a buyer and the payment is received by him in two installments, first which is received by him before getting the OC and the second which he receives after getting the OC. Now, my question is whether the developer is liable to pay GST on the second installment also, as the same is received by him after getting the OC?
ASHU GUPTA Asked question November 2, 2020
Yes he is required to pay as the contract for supply of construction services was entered prior to the issue of CC / OC.
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Frah Saeed Changed status to publish November 4, 2020