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Sale of immovable property treated as 'Supply'

Sale of immovable property treated as Supply - Goods and Services Tax - Started By: - NANDAKUMAR KONKAR - Dated:- 31-1-2017 Last Replied Date:- 4-2-2017 - Under MGST Law, Clause 5 (b) of Schedule II [transactions to be treated as 'Supply'] states that : construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion c .....

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39; of Finance Act, 1994, except for the 2nd exception: or before its first occupation, whichever is earlier . My query is:is first occupation exception linked with receipt of entire consideration or not? If yes, it means sale of building is not a supply if: entire consideration is received either (a) after issuance of Completion Certificate [CC] or (b) before 1st occupation, whichever is earlier. This seems confusing. Does it mean that when entire consideration is received before 1st occupation .....

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