Notification No. 15/2023
Date: October 19, 2023
Subject: Amendment to Notification 15/2017–CT (Rate) relating to refund restrictions for real estate construction services
Description:
The notification substitutes the opening paragraph to clearly redefine the class of services eligible for refund restriction. It now specifically covers construction services intended for sale to a buyer, where the consideration includes the value of land, except where consideration is received after completion certificate or first occupation. This ensures clarity on the scope of restricted refund under Section 54(3).
Issued for earlier notification?
Yes — amends Notification 15/2017–CT (Rate).
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