Notification No. 05/2019
Date: September 29, 2019
Subject: Notification of services relating to TDR, FSI, and long-term lease liable to IGST under reverse charge.
Description:
This notification amends Notification No. 10/2017–Integrated Tax (Rate) to notify services relating to transfer of development rights, FSI, and long-term lease of land for construction projects as supplies liable to tax under reverse charge. The promoter is specified as the person liable to pay tax. Relevant definitions aligned with real estate law are also incorporated.
Issued for earlier notification?
Yes — it amends Notification No. 10/2017–Integrated Tax (Rate).