notifies the following classes of registered persons who supply development rights to a developer, builder, construction company or any other registered person against consideration, wholly or partly, in the form of construction service of complex, building or civil structure. - S.O. 132-04/2018-State Tax (Rate) - Bihar SGST
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Liability to pay State tax arises on transfer of possession/right when consideration is in development rights or construction service. Notification identifies two categories of registered persons exchanging development rights and construction services and fixes the time of liability to pay State tax as the moment the developer or builder transfers possession or the right in the constructed complex, building or civil structure 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.
Liability to pay State tax arises on transfer of possession/right when consideration is in development rights or construction service.
Notification identifies two categories of registered persons exchanging development rights and construction services and fixes the time of liability to pay State tax as the moment the developer or builder transfers possession or the right in the constructed complex, building or civil structure to the supplier of development rights by executing a conveyance deed or similar instrument.
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