GST Tip – 285

Notification No. 15/2017-Central Tax (Rate), refund of un utilized input tax credit is allowed in case of sub-item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act. It refers to “(b) construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly,
except where the entire consideration has been received after issuance of completion
certificate, where required, by the competent authority or after its first occupation,
whichever is earlier.”

Advertisements

GST Tip – 265

Notification No. 15/2017-Central Tax (Rate), refund of unutilized input tax credit is not   is not allowed for the services given in subitem (b) of item 5 of Schedule II of the Central Goods and Services Tax Act, i.e construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

GST tip – 158

Relevant date in the following cases for refund under GST
a) in the case of unutilized input tax credit, last day of the financial year
b) in the case of a person, other than the supplier, the date of receipt of goods or services by such person;
c) in any other cases, the date of payment of tax