Tax liability timing revised: liability to arise in the tax period containing completion certificate issuance or first occupation. Amendment substitutes phrasing in Notification No. 06/2019-State Tax (Rate) to provide that 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; and replaces the words 'in whose case the liability to' with ', who shall'. The notification is effective from the 2nd day of June, 2021.
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.
Tax liability timing revised: liability to arise in the tax period containing completion certificate issuance or first occupation.
Amendment substitutes phrasing in Notification No. 06/2019-State Tax (Rate) to provide that 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; and replaces the words "in whose case the liability to" with ", who shall". The notification is effective from the 2nd day of June, 2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
