Payment of GST by real estate promoter/developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the financial year
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
GST compliance for construction services: developers must pay tax on procurement shortfalls using the prescribed electronic form. Tax liability arises where a promoter/developer fails to procure the prescribed portion of inputs and input services from a registered supplier for construction of residential apartments; such shortfalling value is taxable and must be paid electronically on the common portal using Form DRC-03 within the period prescribed for the quarter following the financial year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST compliance for construction services: developers must pay tax on procurement shortfalls using the prescribed electronic form.
Tax liability arises where a promoter/developer fails to procure the prescribed portion of inputs and input services from a registered supplier for construction of residential apartments; such shortfalling value is taxable and must be paid electronically on the common portal using Form DRC-03 within the period prescribed for the quarter following the financial year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.