Builder has adopted 1%/5% composition scheme for construction work. If he received Building Completion certificate from competent authority. After receiving Building Completion certificate he is required to pay 1%/5% GST on flat sales after Completion certificate?

Reply— 

GST will not be levied on 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-

1)  where the entire consideration has been received after issuance of Completion certificate, where required, by the competent authority; or

2) After its first occupation, whichever is earlier.

Therefore, If sale of flats is executed after receiving completion certificate and where the entire consideration has been received after issuance of Completion certificate , GST would not applicable.