Determination of liability to pay tax on sale of villas after completion and obtaining necessary approvals from the competent authority
Advance money received for sale of Villa on or after the appointed day, prior to issuance of occupancy certificate by the local panchayat is considered as construction services and GST is applicable on Two third of the amount charged for such supply.
Goa Authority of Advance Ruling
Quattroporteluxury Homes LLP
GOA/GAAR/2 of 2018-19 Dt. 20.09.2018