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

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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.