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 - SRO GST 32-(Rate) - Jammu and Kashmir SGST
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Tax liability on construction-against-development-rights arises when possession or rights transfer under a conveyance instrument. Notification prescribes that for supplies where consideration is partly or wholly construction service or development rights, the liability to pay state tax on those supplies arises when the developer or builder transfers possession or the right in the constructed property to the supplier of development rights by executing 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 on construction-against-development-rights arises when possession or rights transfer under a conveyance instrument.
Notification prescribes that for supplies where consideration is partly or wholly construction service or development rights, the liability to pay state tax on those supplies arises when the developer or builder transfers possession or the right in the constructed property to the supplier of development rights by executing a conveyance deed or similar instrument.
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