Amend Notification No 15/2017- Central Tax (Rate)

Last updated: 25 October 2023

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This notification introduces amendments to the Central Tax (Rate) Notification No. 15/2017. The changes specifically alter the description related to GST on construction services. The revised wording clarifies the tax treatment for the construction of complexes or buildings intended for sale, particularly when the sale value includes the land value. These amendments are effective from 20th October 2023.

Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 15/2023-Central Tax (Rate)
New Delhi, the 19th October, 2023

G.S.R......(E).- In exercise of the powers conferred by sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 15/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub section (i), vide number G.S.R. 694(E), dated the 28th June, 2017, namely:-

In the said notification, in opening paragraph , for the words, brackets, letters and figures “specified in sub item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act”, the words, “of construction of a complex, building or a part thereof, intended for sale to a buyer, wholly or partly, where the amount charged from the recipient of service includes the value of land or undivided share of land, as the case may be, except where the entire consideration has been received after issuance of completion certificate , where required , by the competent authority or after its first occupation , whichever is earlier”, shall be substituted.

2. This notification shall come into force with effect from the 20th October, 2023.

[F.No. CBIC-190354/195/2023-TO (TRU-II)-CBEC]
(Rajeev Ranjan)
Under Secretary to the Government of India

FAQ :

The main purpose is to amend the Central Tax (Rate) Notification No. 15/2017, specifically concerning the description of services related to GST on construction.

The amendment is made to the opening paragraph of Notification No. 15/2017-Central Tax (Rate), dated 28th June, 2017.

The amendment clarifies the GST treatment for the construction of a complex or building intended for sale, where the sale value includes the value of land, except in cases where the entire consideration is received after the completion certificate or first occupation.

These amendments are effective from 20th October 2023.

The original notification being amended is Notification No. 15/2017-Central Tax (Rate), dated 28th June, 2017.