DHRUV (student) (117 Points)
26 May 2023WHAT WILL BE CONSIDERED TIME OF SUPPLY IN CASE OF THE FOLLOWING:
CASE 1. TRANFER OF TDR BY LANDOWNER TO DEVELOPER
CASE 2. TRANFER OF FLATS BY DEVELOPER TO LANDOWNER
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 26 May 2023
1. TRANFER OF TDR BY LANDOWNER TO DEVELOPER
DHRUV
(student)
(117 Points)
Replied 26 May 2023
THEN WHAT ABOUT THE APPLICABILITY OF NN 6/2019 CENTRAN TAX?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 26 May 2023
Read the words....
"........ as the registered persons in whose case the liability to pay central tax on, - ..........
..... shall arise on the date of issuance of completion certificate for the project, where required, by the competent authority or on its first occupation, whichever is earlier. ...... "
DHRUV
(student)
(117 Points)
Replied 26 May 2023
RIGHT SO BASED ON THIS POINT OF TAXATION IS DATE OF CC AND NOT ON DATE TDR IS TRF BY LANDOWNER VIA JDA
DHRUV
(student)
(117 Points)
Replied 26 May 2023
I THINK THERE IS SOME CONFUSION:
IN MY ORIGINAL QUESTION : I NEED TO KNOW TIME OF SUPPLY FOR CASE 1 & CASE 2
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 26 May 2023
The confusion is in query... The time of supply is not always same as time of taxation.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 26 May 2023
Time of taxation is date of issuance of completion certificate for the project, where required, by the competent authority or on its first occupation, whichever is earlier.
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 27 May 2023
Vinothkumar R
(2 Points)
Replied 14 October 2023
For commercial project not sold before cc. What is tdr percentage? Whether it's eligible
CAclubindia
