Promoter liability for tax on development rights and FSI assigned, with tax due at completion or first occupation. Notification designates promoters as registered persons liable to pay State tax where they receive development rights, FSI or long term lease of land in consideration for construction services or upfront payments; it states tax liability arises on issuance of a completion certificate or on first occupation, and references statutory definitions and the reverse charge mechanism.
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.
Promoter liability for tax on development rights and FSI assigned, with tax due at completion or first occupation.
Notification designates promoters as registered persons liable to pay State tax where they receive development rights, FSI or long term lease of land in consideration for construction services or upfront payments; it states tax liability arises on issuance of a completion certificate or on first occupation, and references statutory definitions and the reverse charge mechanism.
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