Timing of tax liability: liability now recognised in the tax period in which completion certificate issuance or first occupation falls. The notification amends the principal GST rate notification by substituting wording to refer to the person 'who shall' and by changing the timing of tax recognition to the 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, thereby aligning chargeability to an identifiable tax period rather than solely to the event date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Timing of tax liability: liability now recognised in the tax period in which completion certificate issuance or first occupation falls.
The notification amends the principal GST rate notification by substituting wording to refer to the person "who shall" and by changing the timing of tax recognition to the 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, thereby aligning chargeability to an identifiable tax period rather than solely to the event date.
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