Construction of complex for sale under GST is amended to cover land value cases with a completion certificate exception. The Uttarakhand State Government amends an earlier GST notification under section 54(3) of the Uttarakhand Goods and Services Tax Act, 2017, to specify 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. The amendment retains the exception where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier, and is deemed effective from 20 October 2023.
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Construction of complex for sale under GST is amended to cover land value cases with a completion certificate exception.
The Uttarakhand State Government amends an earlier GST notification under section 54(3) of the Uttarakhand Goods and Services Tax Act, 2017, to specify 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. The amendment retains the exception where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier, and is deemed effective from 20 October 2023.
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