In exercise of the powers conferred by sub-section (3) of section 54 of the Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017), the State Government, on the recommendations of the G.S.T. Council, hereby, notifies that no refund of unutilized input tax credit shall be allowed under the said Act, in case of supply of services 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 1st day of July, 2017.

By order and in the name of the Governor of Madhya Pradesh,

Arun Parmar,

Dy. Secy.