Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa - 04/2018 - Union Territory GST (UTGST) Rate
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Timing of UTGST liability: tax arises when property possession or rights are conveyed to the supplier of development rights. The notification treats suppliers exchanging development rights for construction services (and vice versa) as subject to a timing rule: UT tax liability arises when the developer or builder transfers possession or rights in the constructed property to the supplier of development rights by executing a conveyance deed, allotment letter or similar instrument.
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.
Timing of UTGST liability: tax arises when property possession or rights are conveyed to the supplier of development rights.
The notification treats suppliers exchanging development rights for construction services (and vice versa) as subject to a timing rule: UT tax liability arises when the developer or builder transfers possession or rights in the constructed property to the supplier of development rights by executing a conveyance deed, allotment letter or similar instrument.
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