Tax treatment of construction of buildings updated to exclude sales where entire consideration is received after completion certificate or first occupation. The notification substitutes prior wording with a rule capturing construction services 'intended for sale' where the amount charged includes the value of land or undivided land share, except where the entire consideration is received only after issuance of the completion certificate, where required, or after first occupation, whichever is earlier, thereby defining when inclusion of land value triggers the taxable characterization.
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 treatment of construction of buildings updated to exclude sales where entire consideration is received after completion certificate or first occupation.
The notification substitutes prior wording with a rule capturing construction services "intended for sale" where the amount charged includes the value of land or undivided land share, except where the entire consideration is received only after issuance of the completion certificate, where required, or after first occupation, whichever is earlier, thereby defining when inclusion of land value triggers the taxable characterization.
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