Reverse charge liability on promoters for shortfall supplies in real estate projects, including cement and capital goods, effective April implementation. Notification applies the reverse charge under section 9(4) of the Bihar GST Act to require registered promoters to pay tax on supplies received from unregistered suppliers where such supplies (including cement and capital goods) constitute the shortfall from the minimum purchase obligation for a real estate project; it defines promoter, project, and Residential Real Estate Project and takes effect from 1 April 2019.
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.
Reverse charge liability on promoters for shortfall supplies in real estate projects, including cement and capital goods, effective April implementation.
Notification applies the reverse charge under section 9(4) of the Bihar GST Act to require registered promoters to pay tax on supplies received from unregistered suppliers where such supplies (including cement and capital goods) constitute the shortfall from the minimum purchase obligation for a real estate project; it defines promoter, project, and Residential Real Estate Project and takes effect from 1 April 2019.
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