Timing of tax liability clarified: liability must be recognised in the tax period containing the completion certificate or first occupation. Amendment substitutes the prior wording to require that tax liability for a project be recognised '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 phrase referencing liability timing with ', who shall.' The amendment is stated to take effect from 2nd June, 2021.