https://www.taxtmi.com/notifications?id=130199 Promoters receiving development rights/FSI or long term land leases for residential construction are notified as registered persons liable to state tax on (a) consideration paid in construction services for development rights/FSI, (b) monetary consideration relatable to residential construction, (c) upfront lease amounts for residential construction, and (d) construction services supplied against development rights/FSI. The tax liability arises on issuance of the completion certificate where required or on first occupation, whichever is earlier; defined terms follow the Real Estate (Regulation and Development) Act, 2016. Reverse charge provisions continue to apply as earlier notified. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 12 Jul 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130199 Promoters receiving development rights/FSI or long term land leases for residential construction are notified as registered persons liable to state tax on (a) consideration paid in construction services for development rights/FSI, (b) monetary consideration relatable to residential construction, (c) upfront lease amounts for residential construction, and (d) construction services supplied against development rights/FSI. The tax liability arises on issuance of the completion certificate where required or on first occupation, whichever is earlier; defined terms follow the Real Estate (Regulation and Development) Act, 2016. Reverse charge provisions continue to apply as earlier notified. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130199