Tax treatment of sale of under-construction properties revised, excluding projects after completion certificate from specified GST provision. Amendment revises the tax treatment of 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 completion certificate or after first occupation, whichever is earlier. The substitution modifies the opening paragraph of Notification No. 15/2017 State Tax (Rate) and is effective from 20th October, 2023.
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 sale of under-construction properties revised, excluding projects after completion certificate from specified GST provision.
Amendment revises the tax treatment of 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 completion certificate or after first occupation, whichever is earlier. The substitution modifies the opening paragraph of Notification No. 15/2017 State Tax (Rate) and is effective from 20th October, 2023.
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 
