No refund of unutilised ITC allowed in case of supply of services 1[of construction of a complex etc. – CGST Notification No. 15/2017 – Central Tax (Rate) dated 28.06.2017

MINISTRY OF FINANCE
(Department of Revenue)

NOTIFICATION
New Delhi, the 28th June, 2017

No. 15/2017 – Central Tax (Rate)

G.S.R. 694(E).—In exercise of the powers conferred by sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council hereby notifies that no refund of unutilised input tax credit shall be allowed under sub-section (3) of section 54 of the said Central Goods and Services Tax Act, in case of supply of services ¹[of construction of a complex, building or a part thereof, intended for sale to a buyer, wholly or partly, where the amount charged from the recipient of service includes the value of land or undivided share of land, as the case may be, 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].

2. This notification shall come into force with effect from the 1st day of July, 2017.

[F. No.334/1/2017 -TRU]
RUCHI BISHT, Under Secy.

Reference:

1. Substituted by Notification No. 15/2023-Central Tax (Rate) dated 19th October, 2023, w.e.f. 20.10.2023, the words “specified in sub-item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act”.