Shortfall in value of inward supplies is a common issue faced by developers of residential apartments.

This occurs when the value of inward supplies such as cement, steel, and other materials used in construction is higher than the value declared by the supplier.

Developers are required to pay GST on the higher value, which can lead to increased costs and delays in project completion.

Buyers may also be impacted as developers may pass on the additional costs to them.

To address this issue, developers can take steps such as negotiating with suppliers to declare the correct value of inward supplies and ensuring proper documentation.

Buyers can protect themselves by including clauses in their purchase agreements that require developers to absorb any additional costs due to shortfall in value of inward supplies.

Overall, it is important for both developers and buyers to be aware of this issue and take necessary precautions to mitigate its impact.