|
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 4/2018-Union Territory Tax (Rate)
New Delhi, the 25th January, 2018
G.S.R......(E).- In exercise of the powers conferred by section 21 of Union
Territory Goods and Services Tax Act, 2017 (14 of 2017) read with section 148 of
the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central
Government, on the recommendations of the Council, hereby notifies the following
classes of registered persons, namely:-
(a) registered persons who supply development rights to a developer, builder,
construction company or any other registered person against consideration,
wholly or partly, in the form of construction service of complex, building or
civil structure; and
(b) registered persons who supply construction service of complex, building
or civil structure to supplier of development rights against consideration,
wholly or partly, in the form of transfer of development rights
as the registered persons in whose case the liability to pay Union territory
tax on supply of the said services, on the consideration received in the form of
construction service referred to in clause (a) above and in the form of
development rights referred to in clause (b) above, shall arise at the time when
the said developer, builder, construction company or any other registered
person, as the case may be, transfers possession or the right in the constructed
complex, building or civil structure, to the person supplying the development
rights by entering into a conveyance deed or similar instrument (for example
allotment letter)
(Ruchi Bisht)
Under Secretary to the Government of India
[F.
No.354/13/2018 -TRU]
|