What if building is transferred after issuing certificate of completion whether exempted or taxable as goods?\r\n
Main Category: GST |Sub Category: Others |Reply Count: 1 |
Replies:-
BMC Associates says Replied on 4th July,2026 09:48 AM
If a building is transferred after the issuance of the Completion Certificate or after its first occupation (whichever is earlier), the transaction is not subject to GST. Such a sale is treated as the sale of completed immovable property, which is neither a supply of goods nor a supply of services under the GST law.
GST is applicable only when the sale of a building takes place before the Completion Certificate is issued or before the first occupation, as it is then treated as a supply of construction services. Therefore, a completed building sold after the Completion Certificate is GST-exempt, and it is not taxable as goods.
For expert advice on GST implications in real estate transactions, businesses and property owners often consult experienced chartered accountant firms in gurgaon. A qualified chartered accountant gurgaon, trusted ca firm in gurgaon, or professional ca in gurgaon can provide accurate guidance on GST compliance and property taxation.
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BMC Associates says Replied on 4th July,2026 09:48 AM
If a building is transferred after the issuance of the Completion Certificate or after its first occupation (whichever is earlier), the transaction is not subject to GST. Such a sale is treated as the sale of completed immovable property, which is neither a supply of goods nor a supply of services under the GST law. GST is applicable only when the sale of a building takes place before the Completion Certificate is issued or before the first occupation, as it is then treated as a supply of construction services. Therefore, a completed building sold after the Completion Certificate is GST-exempt, and it is not taxable as goods. For expert advice on GST implications in real estate transactions, businesses and property owners often consult experienced chartered accountant firms in gurgaon. A qualified chartered accountant gurgaon, trusted ca firm in gurgaon, or professional ca in gurgaon can provide accurate guidance on GST compliance and property taxation.
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