TMI Blog80% of purchases of input & Input services from registered personsX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, One firm is constructed one apartment consisting of 10 flats and one flat sold during the construction period and the GST paid on the same but the remaining 9 flats were sold after obtaining the occupation certificate (OC), hence GST has not paid on 9 flats. Our doubts are: 1. 80% purchase of input Input services from registered persons is applicable for entire apartment or only to the e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xtent of one flats 2. If all flats are sold after obtaining the occupation certificate (OC), then still is it applicable (80% of input input services from registered persons) - Reply By Rajagopalan Ranganathan - The Reply = Sir, In respect of 9 flats which are sold after obtaining occupancy certificate are exempt from tax. Hence the question of availing ITC in respect of these 9 flats does ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not arise. Therefore the question of availing ITC subject to the condition that 80% purchase of input Input services from registered persons does not arise. In respect of one flat which was sold prior to obtaining occupancy certificate on which gst has been paid the above condition is applicable. - Reply By Ganeshan Kalyani - The Reply = I agree with the views of Sri Rajagopalan Sir. - 80% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of purchases of input & Input services from registered persons - Query Started By: - VISWANATH YARRAPAREDDY Dated:- 2-1-2021 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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