https://www.taxtmi.com/notifications?id=131332 The notification designates promoters who receive development rights or FSI, or long term lease of land for residential construction against upfront consideration, as the registered persons in whose case tax liability for supply of development rights, monetary consideration, upfront lease amounts, and construction services supplied against development rights/FSI shall arise. The liability is triggered on issuance of the completion certificate or on first occupation, whichever is earlier. Definitions of apartment, promoter, project, REP, RREP and FSI are provided, and the notification confirms applicability of the reverse charge mechanism for the covered services. en-us Thu, 31 Oct 2019 00:00:00 +0530 Wed, 06 Nov 2019 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131332 The notification designates promoters who receive development rights or FSI, or long term lease of land for residential construction against upfront consideration, as the registered persons in whose case tax liability for supply of development rights, monetary consideration, upfront lease amounts, and construction services supplied against development rights/FSI shall arise. The liability is triggered on issuance of the completion certificate or on first occupation, whichever is earlier. Definitions of apartment, promoter, project, REP, RREP and FSI are provided, and the notification confirms applicability of the reverse charge mechanism for the covered services. Notifications GST - States Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131332