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

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..... ate) New Delhi, the 25th January, 2018 G.S.R. 67 (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, co .....

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..... 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). 1 [ Explanation.- Nothing contained in this notification shall apply with respect to the development rights supplied on or after 1st April, 2019. ] [F. .....

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