https://www.taxtmi.com/notifications?id=130291 Notification designates promoters who receive development rights or FSI, or long term land leases for residential construction, as liable for State tax on consideration comprising construction services, monetary consideration relatable to residential construction, upfront lease amounts and supply of construction service against development rights or FSI. The liability to pay State tax arises on issuance of the project completion certificate, where required, or on first occupation, whichever is earlier. Relevant terms borrow definitions from the Real Estate (Regulation and Development) Act, and the services are subject to reverse charge as per the cited finance notification. en-us Mon, 03 Jun 2019 00:00:00 +0530 Thu, 18 Jul 2019 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130291 Notification designates promoters who receive development rights or FSI, or long term land leases for residential construction, as liable for State tax on consideration comprising construction services, monetary consideration relatable to residential construction, upfront lease amounts and supply of construction service against development rights or FSI. The liability to pay State tax arises on issuance of the project completion certificate, where required, or on first occupation, whichever is earlier. Relevant terms borrow definitions from the Real Estate (Regulation and Development) Act, and the services are subject to reverse charge as per the cited finance notification. Notifications GST - States Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130291