TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>India Amends Tax Rule: No Input Tax Credit Refund for Construction Sales Including Land Value Before Completion.</h1> Notification No. 15/2023-Central Tax (Rate), issued by the Government of India on October 19, 2023, amends the earlier Notification No. 15/2017-Central Tax (Rate). The amendment specifies that supplies involving the construction of a complex, building, or part thereof intended for sale to a buyer, where the amount charged includes the value of land, are not eligible for a refund of unutilized Input Tax Credit under the CGST Act. This exception applies unless the entire consideration is received after the issuance of a completion certificate or after the first occupation, whichever is earlier. The amendment takes effect on October 20, 2023.
TaxTMI 
TaxTMI 
