Notification No. 07/2019
Date: April 1, 2019
Subject: Notification under Section 9(4) prescribing Reverse Charge Mechanism on shortfall purchases by promoters in real estate projects.
Description:
This notification makes promoters liable to pay GST under RCM on shortfall in procurement of goods/services from registered suppliers, cement, and capital goods purchased from unregistered persons. It ensures minimum procurement thresholds prescribed under Notification 11/2017 are met in real estate projects.
Issued for earlier notification?
No — standalone notification issued under Section 9(4).