Union territory tax (Rate) Notification No. 04 of 2018 DT 25th January, 2018, GST

  

Notification No. 04/2018 Union territory tax (Rate) DT 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-Union territory tax (Rate) is Given below:

  Notification No. 04/2018 – Union territory 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-Union Territory Tax (Rate)

 

New Delhi, the 25th January, 2018

 

 

G.S.R......(E).- In exercise of the powers conferred by section 21 of Union Territory

 

Goods and Services Tax Act, 2017 (14 of 2017) read with 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 Union territory 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

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Section 172 of CGST Act, 2017 Removal of difficulties

Section 170 Rounding off of tax, CGST Act, 2017

Sec 168 of CGST Act, 2017 Power to issue instructions or directions          

Section 163 of CGST Act, 2017 Levy of fee            

Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017 

Section 156 Persons deemed to be public servants, CGST Act, 2017         

Power to collect statistics, Section 151 of CGST Act, 2017              

Goods and services tax compliance rating, Sec 149 of CGST Act, 2017      

Section 146 of CGST Act, 2017 Common Portal   

Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents              

Job work procedure, Section 143 of CGST Act, 2017         

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

GST rate on Instant Coffee

Is NCCD leviable on tobacco products after GST?

Revised GST rate on goods, 21.07.2018

What is Refund of Interest under GST

When can an exporter release bill of lading from shipping company?

When does exporter get EP copy of shipping bill after customs clearance

Which category of exporter are you? Merchant Exporter,Manufacturerexporter,Service exporter Project Exporter or Deemed Exporter

 How to make DA mode of payment safe

How to make delay in delivery of Shipment?

 How to minimize import cargo clearance time? An open logic proposal to WTO

How to export from India to Democratic Republic of the Congo?

Documents required for Export from Democratic Republic of the Congo

Customs procedures for Democratic Republic of the Congo Export

 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers