MHADA Flats Taxable as Additional FSI Was Received Before Occupancy Certificate: AAR Maharashtra

In re Vedant Construction (GST AAR Maharashtra) The Maharashtra Authority for Advance Ruling (AAR) examined the GST implications of 19 EWS/LIG flats reserved for MHADA-identified beneficiaries in a residential project developed under the inclusive housing requirements prescribed under the Maharashtra Regional and Town Planning Act, 1966. The applicant contended that the sale of these flats after issuance of the Occupancy Certificate (OC) constituted a sale of immovable property outside the scope of GST, since no consideration had been received before the OC and sale agreements with MHADA-ident...