Cipla Builders received ₹1.20 lakh per unit before the completion certificate and ₹ 50 lakh after it, in respect of an apartment in a residential…

CA Intermediate · Taxation · MTP · September 2026
Cipla Builders received ₹1.20 lakh per unit before the completion certificate and ₹ 50 lakh after it, in respect of an apartment in a residential complex. Which of the following statements is correct? Choose the most appropriate option.
(A) (a) The entire contract is supply of service under GST.
(B) (b) The contract of value ₹ 1.20 lakh is supply of service; ₹ 50 lakh is not a supply under GST being sale of building.
(C) (c) The entire contract is not a supply under GST being sale of building.
(D) (d) The entire contract is supply of goods under GST.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

(a) The entire contract is supply of service under GST.

Topics: Paper 3B: Goods and Services Tax

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