Reverse charge liability: promoter must pay tax for specified supplies from unregistered suppliers in real estate projects. The State notifies that a registered promoter shall pay tax on a reverse charge basis for supplies received from unregistered suppliers consisting of: (a) goods or services constituting the shortfall from the minimum purchases required for construction of a project as prescribed in the relevant State Tax (Rate) notification, (b) cement falling under the specified Customs Tariff heading that constitutes such shortfall, and (c) capital goods supplied to a promoter for construction of a project on which tax is payable at the prescribed rates.
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: promoter must pay tax for specified supplies from unregistered suppliers in real estate projects.
The State notifies that a registered promoter shall pay tax on a reverse charge basis for supplies received from unregistered suppliers consisting of: (a) goods or services constituting the shortfall from the minimum purchases required for construction of a project as prescribed in the relevant State Tax (Rate) notification, (b) cement falling under the specified Customs Tariff heading that constitutes such shortfall, and (c) capital goods supplied to a promoter for construction of a project on which tax is payable at the prescribed rates.
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