Reverse charge on promoters: recipients must pay tax for specified shortfall supplies and capital goods from unregistered suppliers. Promoters are required to pay tax under the reverse charge mechanism for specified shortfall supplies, designated cement, and capital goods received from unregistered suppliers in relation to construction projects; definitions of promoter, project, REP, RREP and FSI are referenced to the Real Estate (Regulation and Development) Act and the notification applies to supplies received until issuance of completion certificate or first occupation, as aligned with prior state rate notification criteria.
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 promoters: recipients must pay tax for specified shortfall supplies and capital goods from unregistered suppliers.
Promoters are required to pay tax under the reverse charge mechanism for specified shortfall supplies, designated cement, and capital goods received from unregistered suppliers in relation to construction projects; definitions of promoter, project, REP, RREP and FSI are referenced to the Real Estate (Regulation and Development) Act and the notification applies to supplies received until issuance of completion certificate or first occupation, as aligned with prior state rate notification criteria.
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