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TMI BlogGST ON CONSTRUCTION WORK IN PROGRESS SOLD TO ANOTHER FIRMX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Seniors, My Querry is as follows : Facts : My client is a Partnership Firm having 4 Partners engaged in the business of Builders Developers. They have Started Construction of a Bu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilding and incurred expenses on Land, Labour, Material and other direct expenses. Project is affordable housing Project. Now out of 4 Partners, 2 Partners are getting separated in between and taking ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... over Land and Construction WIP on the date of Change in constitution by executing a Separate Agreements. Query : 1. What will be the Rate of GST on Construction WIP Transferred ? Is it 18% or So ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me other rate being WIP of Affordable housing Project ? 2. What if they make Single Agreement of Take over of Land and Construction WIP, will Rate of GST Change ? Need your Guidance on the above mat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter. Thank you in Advance. - Reply By Ganeshan Kalyani - The Reply = Serial no. 2 of Notification 12/2017-CTR dated 28.06.2017 states as , Services by way of transfer of a going concern, as a wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ole or an independent part thereof. . Refer this provision. - GST ON CONSTRUCTION WORK IN PROGRESS SOLD TO ANOTHER FIRM - Query Started By: - Kalpesh Shah Dated:- 28-6-2021 Goods and Services Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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