23 February 2022
Dear Sir / Mam, one of my client operating real estates business his projects start before 01/04/2019 he is charging 12% on flat sales, he is claiming ITC on purchased, he has opted for Old regime only, out of 25 flats he sale 12 flats by entering sale deed & development agreement & from 13th flat they have given sale deed to customers with out entering any development because they had received completion certificate , please confirm in the present case , developer to liable to receive 12 % or 5 %
CAclubindia
