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Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 4/2018-Central Tax (Rate)
New Delhi, the 25th January, 2018
G.S.R......(E).- In exercise of the powers conferred by 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 central 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]
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