Explains how GST applies to under-construction properties while completed properties remain outside its scope. The article highlights key GST rates, compliance rules, and their impact on developers and homebuyers.
The Court held that refund of statutory pre-deposit must be governed by Sections 107(6) and 115, not restricted by limitation under Section 54. Interest is mandatory once appeal succeeds.
The amendment confirms that once a draft assessment order is issued within limitation, DRP and final assessment timelines operate independently under Section 144C.
