Question48: The builders have occupancy certificate completed the construction purpose. So i want to know that is tax rate is liable or else it is exempted (tax free).

Answer As per clause 5 of Schedule II following shall be treated as supply of service:
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(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.

There is no term Occupancy certificate in law. If entire consideration is received after issuance of completion certificate or after first occupancy whichever is earlier, then only it is exempt otherwise if any advance is received before issue of certificate or first occupancy then it is considered as supply of service and GST will be charged. (Reply dt. 06/06/2018)