Seeks to notify certain services to be taxed under RCM under section 9(4) of SGST Act as recommended by Goods and Services Tax Council for real estate sector. - 07/2019-State Tax (Rate) - Tripura SGST
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Reverse charge mechanism: promoters must pay GST as recipients for specified shortfall construction supplies from unregistered sellers. Notification designates promoter as liable to pay tax under the reverse charge mechanism for specified supplies received from unregistered suppliers: shortfall purchases required of a promoter for construction of a project, cement forming part of that shortfall, and capital goods supplied to a promoter for construction of a project taxed at prescribed rates. It defines promoter, project (REP/RREP), RREP by carpet-area threshold, and FSI, and is effective from 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 mechanism: promoters must pay GST as recipients for specified shortfall construction supplies from unregistered sellers.
Notification designates promoter as liable to pay tax under the reverse charge mechanism for specified supplies received from unregistered suppliers: shortfall purchases required of a promoter for construction of a project, cement forming part of that shortfall, and capital goods supplied to a promoter for construction of a project taxed at prescribed rates. It defines promoter, project (REP/RREP), RREP by carpet-area threshold, and FSI, and is effective from 1 April 2019.
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