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. - 04/2018-State Tax (Rate) - Arunachal Pradesh SGST
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Liability to pay central tax arises on transfer of possession under conveyance when development rights or construction service form consideration. For supplies where development rights and construction services are exchanged as consideration, liability to pay central tax arises when the developer, builder or construction company transfers possession or the right in the constructed complex, building or civil structure to the person supplying development rights, evidenced by a conveyance deed or similar instrument such as an allotment letter.
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 central tax arises on transfer of possession under conveyance when development rights or construction service form consideration.
For supplies where development rights and construction services are exchanged as consideration, liability to pay central tax arises when the developer, builder or construction company transfers possession or the right in the constructed complex, building or civil structure to the person supplying development rights, evidenced by a conveyance deed or similar instrument such as an allotment letter.
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