Tax liability timing clarified: completion certificate or first occupation determines the tax period for reporting obligations. The amendment requires that persons liable under the State GST must account for tax in the tax period in which the date of issuance of the project completion certificate or the date of first occupation, whichever is earlier, falls, replacing the prior phrasing and clarifying the timing of tax liability.
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Tax liability timing clarified: completion certificate or first occupation determines the tax period for reporting obligations.
The amendment requires that persons liable under the State GST must account for tax in the tax period in which the date of issuance of the project completion certificate or the date of first occupation, whichever is earlier, falls, replacing the prior phrasing and clarifying the timing of tax liability.
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