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 - F-10-3/2018/CT/V (11)-04/2018-State Tax (Rate) - Chhattisgarh SGST
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Tax liability timing for construction against transfer of development rights arises on transfer of possession by conveyance deed. Notification treats suppliers exchanging construction services for development rights (and vice versa) as registered persons whose liability to pay state tax on such supplies arises when the developer or builder transfers possession or the right in the constructed complex, building or civil structure to the supplier of development rights by entering into a conveyance deed 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.
Tax liability timing for construction against transfer of development rights arises on transfer of possession by conveyance deed.
Notification treats suppliers exchanging construction services for development rights (and vice versa) as registered persons whose liability to pay state tax on such supplies arises when the developer or builder transfers possession or the right in the constructed complex, building or civil structure to the supplier of development rights by entering into a conveyance deed or similar instrument.
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