POINT OF TAXATION OF GST ON TDR PURCHASED FOR COMMERCIAL
This query is : Resolved
POOJA KANKARIYA
(Querist)
26 June 2020
I WANT TO KNOW WHEN THE GST HAS TO BE PAID IF TDR IS PURCHASED FROM MARKET FOR COMMERCIAL PROPERTY AND NOTIFICATION IN RELATION TO IT?
CA R SEETHARAMAN
(Expert)
26 June 2020
CBEC conferred by section 148 vide Notification No. 4/2018 – Central Tax (Rate)
dated 25.01.2018 has notified that a registered persons who suppliesdevelopment rights to a
developer, builder, construction company etc. against consideration, wholly or partly, in the form of construction service of complex, building or civil structure shall be regarded as a class of person in whose case the liability to pay central tax on supply of the said services shall arise and accordingly and the tax shall be paid 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).
dated 25.01.2018 has notified that a registered persons who suppliesdevelopment rights to a
developer, builder, construction company etc. against consideration, wholly or partly, in the form of construction service of complex, building or civil structure shall be regarded as a class of person in whose case the liability to pay central tax on supply of the said services shall arise and accordingly and the tax shall be paid 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).
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