No GST if Entire Sales Consideration received after obtaining Occupancy Certificate by applicant of his Share in property under JDA

In Re Sri. B.R. Sridhar (GST AAR Karnataka)

Whether the total amounts received by the Owner towards the advances or sale consideration of the flats fallen to his share of 40% in terms of the Joint Development Agreement dated 19.05.2016 and the subsequent Area Sharing Agreement dated 03.01.2018, are not amenable for payment of GST, since applicant has sold or agreed to sell or gifted, the flats after obtaining Occupancy Certificate dated 26.08.2019 and that Applicant has not received any part of the sale consideration prior to the said d

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