Timing of GST liability clarified: declare and discharge tax in the tax period containing completion certificate issuance or first occupation. Amendment clarifies that the person liable 'who shall' be subject to the tax must account for the GST 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 is notified as coming into force on the date specified in the notification.
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Provisions expressly mentioned in the judgment/order text.
Timing of GST liability clarified: declare and discharge tax in the tax period containing completion certificate issuance or first occupation.
Amendment clarifies that the person liable "who shall" be subject to the tax must account for the GST 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 is notified as coming into force on the date specified in the notification.
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