Notification no 04/2018 Central Tax (Rate) date on 25th January, 2018, GST
Seeks to provide special procedure with respect to payment of tax by registered person supplying service by way of construction against transfer of development right and vice versa.
The extract of GST Notification No. 04/2018- Central Tax (Rate) is given below:
Notification No. 04/2018- Central Tax (Rate), GST
[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
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).
[F. No.354/13/2018 -TRU]
(Ruchi Bisht)
Under Secretary to the Government of India
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Section 146 of CGST Act, 2017 Common Portal
Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
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Section 139 of CGST Act, 2017 Migration of existing taxpayers
Section 135 Presumption of culpable mental state, CGST Act, 2017
Liability of officers and certain other persons, Section 133 of CGST Act, 2017
Sec 132 of CGST Act, 2017 Punishment for certain offences
Section 129 of CGST Act, 2017 Detention, seizure and release of goods and conveyances in transit
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Sec 122 Penalty for certain offences, CGST Act, 2017
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