Tax liability timing clarified: taxpayers must account tax in the period containing issuance of completion certificate or first occupation. Amendment substitutes wording in the first paragraph of Notification No. 06/2019 to (a) replace the actor phrase with 'who shall' and (b) require tax to be accounted 'in the tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority or date of its first occupation, whichever is earlier, falls.' The notification is deemed effective from 2 June 2021.
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Provisions expressly mentioned in the judgment/order text.
Tax liability timing clarified: taxpayers must account tax in the period containing issuance of completion certificate or first occupation.
Amendment substitutes wording in the first paragraph of Notification No. 06/2019 to (a) replace the actor phrase with "who shall" and (b) require tax to be accounted "in the tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority or date of its first occupation, whichever is earlier, falls." The notification is deemed effective from 2 June 2021.
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