GST Liability for Works Contract: Construction Completion Date Crucial, Per Notification No. 06/2019 & 03/2019-Central Tax.

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Full Text of the Document

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....When the GST liability would arise - Valuation - business of providing works contract and construction services - development of land - the levy is imposable on the date of completion of the construction as per Notification No. 06/2019 -Central Tax (Rate) - Notification no.3/2019-Central Tax (Rate) is applicable to this transaction even if the actual cost of construction is available. - AAR....