Central Tax Notifications (Rate)

CGST Notification rate 04/2018

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).