Reverse charge liability for promoters arises on completion certificate issuance or first occupation for construction consideration. Promoters receiving development rights, FSI, or long term leases for residential construction and providing consideration via construction services or upfront payments are notified as registered persons whose state tax liability arises on issuance of the completion certificate or on first occupation, with specified payments and supplies treated as taxable; tax on these services is payable on a reverse charge basis and key terms are defined by reference to the Real Estate (Regulation and Development) Act.
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 for promoters arises on completion certificate issuance or first occupation for construction consideration.
Promoters receiving development rights, FSI, or long term leases for residential construction and providing consideration via construction services or upfront payments are notified as registered persons whose state tax liability arises on issuance of the completion certificate or on first occupation, with specified payments and supplies treated as taxable; tax on these services is payable on a reverse charge basis and key terms are defined by reference to the Real Estate (Regulation and Development) Act.
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