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 - 04/2018 - State Tax (Rate) - Delhi SGST

GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-1) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE: NEW DELHI-110 002 No. F.3(92)/Fin (Rev-I)/2017-18/DS-VI/99 Dated: 23/2/2018 Notification No. 04/2018 - State Tax (Rate) In exercise of the powers conferred by section 148 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lt. Governor of National Capital Territory of Delhi, 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 transfer of development rights , as the registered persons in whose case the liability to pay state 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). 2. The notification shall come into force on the 25 January, 2018. By Order and in the Name of the Lt. Governor of the National Capital Territory of Delhi, (A. K. SINGH) Dy. Secy. VI (Finance)