Reverse charge liability on promoters for shortfall purchases in construction projects requires promoters to pay tax as recipients. Reverse charge obligation requires the promoter to pay tax on supplies from unregistered suppliers that constitute the shortfall from the minimum purchase value required of a promoter for construction projects; this includes specified goods and services, cement under tariff heading 2523, and capital goods supplied for projects taxed under the referenced residential real estate entries, and applies until completion certificate or first occupation.
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 on promoters for shortfall purchases in construction projects requires promoters to pay tax as recipients.
Reverse charge obligation requires the promoter to pay tax on supplies from unregistered suppliers that constitute the shortfall from the minimum purchase value required of a promoter for construction projects; this includes specified goods and services, cement under tariff heading 2523, and capital goods supplied for projects taxed under the referenced residential real estate entries, and applies until completion certificate or first occupation.
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