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. - FA-3-09/2018-1-V-(13) - Madhya Pradesh SGST
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Tax liability for development rights and construction services arises on transfer of possession or right in the constructed property. Notification designates suppliers of development rights and suppliers of construction service receiving development rights as consideration, and provides that the state tax liability on such 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 for development rights and construction services arises on transfer of possession or right in the constructed property.
Notification designates suppliers of development rights and suppliers of construction service receiving development rights as consideration, and provides that the state tax liability on such 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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