https://www.taxtmi.com/notifications?id=129690 Promoters receiving development rights or FSI, or taking long-term land leases for residential construction, are notified as registered persons liable to pay State tax on consideration paid in the form of construction services, monetary consideration, or upfront lease premiums relatable to such development rights/FSI, and on construction services supplied against such consideration; the tax liability arises on the earlier of issuance of the completion certificate by the competent authority or first occupation. Definitions for apartment, promoter, project, REP/RREP and FSI are provided and tax is payable under the reverse charge mechanism. en-us Mon, 29 Apr 2019 00:00:00 +0530 Fri, 10 May 2019 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129690 Promoters receiving development rights or FSI, or taking long-term land leases for residential construction, are notified as registered persons liable to pay State tax on consideration paid in the form of construction services, monetary consideration, or upfront lease premiums relatable to such development rights/FSI, and on construction services supplied against such consideration; the tax liability arises on the earlier of issuance of the completion certificate by the competent authority or first occupation. Definitions for apartment, promoter, project, REP/RREP and FSI are provided and tax is payable under the reverse charge mechanism. Notifications GST - States Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129690