Respected Sir/Mam, In a mixed project under JDA (carpet area of commercial portion is more than 15%) what is the time of Supply to pay tax under RCM on TDR related to the commercial portion? And can such tax be paid before its time of Supply being occur and claim ITC of such tax against output tax liability on sale of commercial portion?
ASHU GUPTA Asked question November 6, 2020
The time of supply as per Notification No. 06/2019-Central Tax (Rate) dated 29.03.2019 will be the date of issuance of completion certificate for the project, where required, by the competent authority or on its first occupation, whichever is earlier.
We suggest not to pay GST before TOS as Deptt. may litigate on ITC.
Team Clearmytax.in
Frah Saeed Changed status to publish November 13, 2020