Construction-of-complex supply rule amended; exception for transactions with full consideration received after completion certificate or first occupation. The notification substitutes the opening paragraph to cover construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, except where the entire consideration has been received after issuance of the completion certificate, where required, by the competent authority, or after its first occupation, whichever is earlier; the amendment is effective from 20th October 2023.
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Provisions expressly mentioned in the judgment/order text.
Construction-of-complex supply rule amended; exception for transactions with full consideration received after completion certificate or first occupation.
The notification substitutes the opening paragraph to cover construction of a complex, building or part thereof intended for sale where the amount charged includes the value of land or undivided share of land, except where the entire consideration has been received after issuance of the completion certificate, where required, by the competent authority, or after its first occupation, whichever is earlier; the amendment is effective from 20th October 2023.
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