Promoter GST liability on development rights and lease-based construction shifts to completion certificate or first occupation. Registered promoters who receive development rights, FSI or long-term lease rights on or after 1 April 2019 are notified for GST purposes, with tax liability arising on completion certificate or first occupation, whichever is earlier. The notification adopts RERA meanings for apartment, promoter, project, REP and RREP, and states that tax on the covered services is payable under reverse charge in accordance with the specified notification.
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 GST liability on development rights and lease-based construction shifts to completion certificate or first occupation.
Registered promoters who receive development rights, FSI or long-term lease rights on or after 1 April 2019 are notified for GST purposes, with tax liability arising on completion certificate or first occupation, whichever is earlier. The notification adopts RERA meanings for apartment, promoter, project, REP and RREP, and states that tax on the covered services is payable under reverse charge in accordance with the specified notification.
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