Construction complex intended for sale

Legally allowed. can call loophole or benefit

Dear
complete Consideration is received after obtained CC, GST is leviable.

Earlier the Builder/Promotor need to Reverse the ITC in case where he received consideration for particular flat being sold after CC ,but As from 1/4/2019, The Rate has been revised which is 1% ,5% without ITC . So now ITC is not required to reversed in such cases , but ... as you know that huge amount money is involved in construction of Buildings , so if builder do no approach for advance booking from customer , he might be short of funds, means short of working capital . So I don't think that any Promotor will refuse to take Advance because of liability GST.

** after Obtaining CC ,GST is NOT Levied

Thank you very much Pankaj sir.. Valuable information.

YOU ARE ALWAYS WELCOME DEAR