Construction for sale under GST amended to cover land-linked consideration, excluding post-completion or first-occupation receipts. Amends the Tripura State GST rate notification for construction of a complex, building or part thereof intended for sale, where the consideration includes the value of land or an undivided share of land, except where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier. The amendment substitutes the opening description in the principal notification and takes effect from 20 October 2023.
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Provisions expressly mentioned in the judgment/order text.
Construction for sale under GST amended to cover land-linked consideration, excluding post-completion or first-occupation receipts.
Amends the Tripura State GST rate notification for construction of a complex, building or part thereof intended for sale, where the consideration includes the value of land or an undivided share of land, except where the entire consideration is received after issuance of the completion certificate, where required, or after first occupation, whichever is earlier. The amendment substitutes the opening description in the principal notification and takes effect from 20 October 2023.
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