Reverse charge mechanism requires promoters to pay tax on specified supplies received from unregistered suppliers as recipients. Notification requires tax to be paid on reverse charge basis by the promoter for specified supplies received from unregistered suppliers, covering (i) goods and services constituting the shortfall from the minimum value a promoter must procure for a construction project, (ii) cement forming such shortfall, and (iii) capital goods supplied to a promoter for construction where tax is payable at the prescribed rate; definitions of promoter, project, REP, RREP and FSI are adopted by reference to the Real Estate (Regulation and Development) Act.
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 requires promoters to pay tax on specified supplies received from unregistered suppliers as recipients.
Notification requires tax to be paid on reverse charge basis by the promoter for specified supplies received from unregistered suppliers, covering (i) goods and services constituting the shortfall from the minimum value a promoter must procure for a construction project, (ii) cement forming such shortfall, and (iii) capital goods supplied to a promoter for construction where tax is payable at the prescribed rate; definitions of promoter, project, REP, RREP and FSI are adopted by reference to the Real Estate (Regulation and Development) Act.
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