Ready-to-move-in / completed properties outside GST ambit; Service tax applicable on consideration before July 1

CBEC clarifies about applicability of GST on under construction and ready-to-move-in properties, states that sale of ready-to-move-in or completed property, i.e. where completion certificate has been issued, does not attract GST; But in case of under construction property where entire consideration is paid to builder before July 1, same would attract service tax at 4.5% in terms of Point of Taxation Rules; Hence, even if construction is completed after July 1, the point of ta...