16 July 2018
The transaction in essence is sale of building that is neither a supply of goods nor supply of services as per Schedule III of the CGST Act. Hence no registration is required.
17 July 2018
If builder is receiving any singly penny from buyer before completion certificate then full value is chargeable to GST and so many times builder casually receives such amount and then they come under the great difficulty . . .so it is better to be on a safer side
CAclubindia
