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TMI Blog80% of purchases of input & Input services from registered personsX X X X Extracts X X X X X X X X Extracts X X X X ..... 80% of purchases of input & Input services from registered persons X X X X Extracts X X X X X X X X Extracts X X X X ..... ot 2 Replies X X X X Extracts X X X X X X X X Extracts X X X X ..... old after obtaining the occupation certificate (OC), hence GST has not paid on 9 flats. Our doubts are: 1. 80% purchase of input & Input services from registered persons is applicable for entire apa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtment or only to the extent of one flats 2. If all flats are sold after obtaining the occupation certificate (OC), then still is it applicable (80% of input & input services from registered persons) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Rajagopalan Ranganathan: The Reply: Sir, In respect of 9 flats which are sold after obtaining occupancy certificate are exempt from tax. Hence the question of availing ITC in respect of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hese 9 flats does not arise. Therefore the question of availing ITC subject to the condition that 80% purchase of input & Input services from registered persons does not arise. In respect of one flat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which was sold prior to obtaining occupancy certificate on which gst has been paid the above condition is applicable. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sri Rajagopalan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir. X X X X Extracts X X X X X X X X Extracts X X X X
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