Goods and Services Tax - Tamil Nadu Goods and Services Tax Act, 2017 - Construction services - Reverse charge on supply of services - Amendments - Notification - Issued. - G.O. (Ms) No. 44 - Tamil Nadu SGST
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Reverse charge on transfer of development rights and long-term land leases assigns GST liability to promoters for construction supplies. The amendment subjects specified construction-related services to GST reverse charge with the promoter as the recipient liable: transfer of development rights or FSI (including additional FSI) for promoter-led construction, and long term leases of land (30 years or more) where consideration includes upfront amounts and/or periodic rent for construction by a promoter. It also adds definitions for apartment, promoter, project (REP/RREP), REP, RREP (carpet-area threshold), and floor space index (FSI). Effective 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 on transfer of development rights and long-term land leases assigns GST liability to promoters for construction supplies.
The amendment subjects specified construction-related services to GST reverse charge with the promoter as the recipient liable: transfer of development rights or FSI (including additional FSI) for promoter-led construction, and long term leases of land (30 years or more) where consideration includes upfront amounts and/or periodic rent for construction by a promoter. It also adds definitions for apartment, promoter, project (REP/RREP), REP, RREP (carpet-area threshold), and floor space index (FSI). Effective 1 April 2019.
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