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    <title>Seeks to notify, by exercising powers conferred under section 148 of WBGST Act, 2017, certain class of persons in whose case liability to pay tax shall arise on the date of issuance of completion certificate or on its first occupation, whichever is earlier.</title>
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    <description>Notification designates promoters as liable for State tax where consideration for development rights or FSI, or for long-term land lease, is paid in construction services or upfront monetary amounts, and provides that liability for tax on such consideration or on construction services supplied against development rights or FSI arises on the date of issuance of the completion certificate for the project or on its first occupation, whichever is earlier; it treats specified services as payable under the reverse charge mechanism and adopts statutory definitions for apartment, promoter, REP and RREP.</description>
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