This notification amends Notification No. 06/2019–Integrated Tax (Rate) by revising the language relating to the time of supply and liability to pay tax in respect of development rights, long-term lease and Floor Space Index (FSI). It provides that tax liability shall arise in the tax period not later than the period in which completion certificate is issued or first occupation occurs, whichever is earlier. The amendment removes ambiguity and aligns tax liability with statutory timelines.

Issued for earlier notification?
Yes — it amends Notification No. 06/2019–Integrated Tax (Rate).