Reverse charge on supplies to promoters: unregistered suppliers' goods to project promoters taxed with promoter as recipient. Entry 452Q provides that supplies of any goods, other than capital goods and cement under the specified chapter heading, by an unregistered person to a promoter for construction of a project are taxable with the promoter liable to pay tax as the recipient under the reverse charge mechanism. Definitions adopt the meanings of promoter, Real Estate Project (REP) and Residential Real Estate Project (RREP) from the Real Estate (Regulation and Development) Act, and the entry applies to all goods meeting these conditions. The amendment is effective from 1 April 2019.
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Reverse charge on supplies to promoters: unregistered suppliers' goods to project promoters taxed with promoter as recipient.
Entry 452Q provides that supplies of any goods, other than capital goods and cement under the specified chapter heading, by an unregistered person to a promoter for construction of a project are taxable with the promoter liable to pay tax as the recipient under the reverse charge mechanism. Definitions adopt the meanings of promoter, Real Estate Project (REP) and Residential Real Estate Project (RREP) from the Real Estate (Regulation and Development) Act, and the entry applies to all goods meeting these conditions. The amendment is effective from 1 April 2019.
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