Timing of tax liability clarified: liability arises in the tax period containing completion certificate or first occupation. The amendment substitutes wording to require the person concerned ',who shall' and clarifies that GST liability for completed projects arises in a tax period not later than the tax period in which the date of issuance of the completion certificate, or the date of first occupation, whichever is earlier, falls.
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Provisions expressly mentioned in the judgment/order text.
Timing of tax liability clarified: liability arises in the tax period containing completion certificate or first occupation.
The amendment substitutes wording to require the person concerned ",who shall" and clarifies that GST liability for completed projects arises in a tax period not later than the tax period in which the date of issuance of the completion certificate, or the date of first occupation, whichever is earlier, falls.
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