Tax liability for supplies by unregistered persons to promoters clarified; promoter required to pay tax as recipient on construction goods. A new Schedule III entry imposes tax on supplies of goods (other than capital goods and specified cement) by an unregistered person to a promoter for construction where the promoter is liable to pay tax as recipient under the reverse-charge mechanism; the entry incorporates definitions of promoter, project, REP and RREP drawn from the Real Estate (Regulation and Development) Act and applies to all goods meeting these conditions notwithstanding other tariff classifications.
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.
Tax liability for supplies by unregistered persons to promoters clarified; promoter required to pay tax as recipient on construction goods.
A new Schedule III entry imposes tax on supplies of goods (other than capital goods and specified cement) by an unregistered person to a promoter for construction where the promoter is liable to pay tax as recipient under the reverse-charge mechanism; the entry incorporates definitions of promoter, project, REP and RREP drawn from the Real Estate (Regulation and Development) Act and applies to all goods meeting these conditions notwithstanding other tariff classifications.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
