GST payable at the time of transfer of possession/ rights in the building to person supplying development rights
In Re: M/s. Vajra Infracorp India Private Limited [TSAAR Order No.03/2021 decided on July 19, 2021] wherein the assesee is provider of taxable services of construction of residential complexes.
The assessee entered into a supplementary agreement with landowner on May 15, 2017 (pre-GST) duly fixing the total number of flats to be shared with the land owner and construction was expected to be completed by October/November 2018 (post-GST).
Source Taxguru
