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    <title>Payment on Basis of Reverse Charge Mechanism for supply of Goods and Services</title>
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    <description>Notification requires tax to be paid on reverse charge basis by the promoter for specified supplies received from unregistered suppliers, covering (i) goods and services constituting the shortfall from the minimum value a promoter must procure for a construction project, (ii) cement forming such shortfall, and (iii) capital goods supplied to a promoter for construction where tax is payable at the prescribed rate; definitions of promoter, project, REP, RREP and FSI are adopted by reference to the Real Estate (Regulation and Development) Act.</description>
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      <description>Notification requires tax to be paid on reverse charge basis by the promoter for specified supplies received from unregistered suppliers, covering (i) goods and services constituting the shortfall from the minimum value a promoter must procure for a construction project, (ii) cement forming such shortfall, and (iii) capital goods supplied to a promoter for construction where tax is payable at the prescribed rate; definitions of promoter, project, REP, RREP and FSI are adopted by reference to the Real Estate (Regulation and Development) Act.</description>
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