Reverse charge imposes promoter liability to pay tax on specified shortfall supplies from unregistered suppliers. Promoters receiving specified supplies from unregistered suppliers shall pay tax under the reverse charge mechanism for supplies constituting the shortfall from the minimum procurement required for construction projects, including cement and capital goods, as prescribed in notification No. 11/2017 State Tax (Rate); key terms-promoter, project, REP, RREP, and FSI-are defined for application.
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 imposes promoter liability to pay tax on specified shortfall supplies from unregistered suppliers.
Promoters receiving specified supplies from unregistered suppliers shall pay tax under the reverse charge mechanism for supplies constituting the shortfall from the minimum procurement required for construction projects, including cement and capital goods, as prescribed in notification No. 11/2017 State Tax (Rate); key terms-promoter, project, REP, RREP, and FSI-are defined for application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
