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<h1>Punjab GST Act: Tax Liability for Development Rights Transfers to Developers Effective January 2018.</h1> The Government of Punjab, under the Punjab Goods and Services Tax Act, 2017, has issued a notification effective from January 25, 2018, specifying the tax liability for certain registered persons. This applies to those supplying development rights to developers or builders in exchange for construction services, and vice versa. The liability to pay state tax arises when possession or rights in the constructed property are transferred to the supplier of development rights through a conveyance deed or similar instrument. This notification is issued by the Department of Excise and Taxation, Government of Punjab.