Timing of tax liability: liability must be recognised in the tax period containing issuance of completion certificate or first occupation. The amendment replaces wording in the first paragraph to require a specified person 'who shall' and substitutes the timing provision with: liability arises in a 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 the date of its first occupation, whichever is earlier, falls. The amendment modifies Notification No. 6/2019-State Tax (Rate) and is effective from the notification date.
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Provisions expressly mentioned in the judgment/order text.
Timing of tax liability: liability must be recognised in the tax period containing issuance of completion certificate or first occupation.
The amendment replaces wording in the first paragraph to require a specified person "who shall" and substitutes the timing provision with: liability arises in a 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 the date of its first occupation, whichever is earlier, falls. The amendment modifies Notification No. 6/2019-State Tax (Rate) and is effective from the notification date.
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