84-3-2019 Rate

3-2019 Rate

GOVERNMENT OF MANIPUR

SECRETARIAT: FINANCE DEPARTMENT

(EXPENDITURE SECTION)

Notification No. 3/2019- State Tax (Rate)

Imphal, the 29 March, 2019

namely:-

In the said notification, –

(i) in the opening paragraph,

brackets and figures “sub-section (3) and sub-section (4)” shall respectively be

inserted;

substituted by the symbol “,”;

148” shall be inserted;

(ii) in the Table, –

and (5), the following items and entries shall be substituted, namely, –

Table

No. TAX/4(53)/GST-NOTN/2016:- In exercise of the powers conferred by sub-sections (1), (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Manipur Goods and Services Tax Act, 2017 (3 of 2017), the State Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of Manipur, Secretariat: Finance Department (Expenditure Section) No.11/2017- State Tax (Rate), dated the 28 June, 2017, published in the Manipur Gazette, Extraordinary, vide number 120, dated the 29 June, 2017,

after the word, brackets and figures “conferred by sub-section (1),”, the word,
the word “and” after the words and figures “sub-section (5) of section 15” shall be
after the word, brackets and figures “section (16)”, the words and figure “and section

(a) against serial number 3, for item (i), and the entries relating thereto in column (3), (4)

(3)

(4)

(5)

“(i) Construction of affordable residential apartments by a promoter in a Residential Real Estate Project (herein after referred to as RREP) which commences on or after 1 April, 2019 or in an ongoing RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be, in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion

0.75

Provided that the state tax at the rate specified in column (4) shall be paid in cash, that is, by debiting the electronic cash ledger only;

Provided also that credit of input tax charged on goods and services used in supplying the service has not been taken except to the extent as prescribed in Annexure I in the case of REP other than RREP and in Annexure II in the case of RREP;

certificate, where required, by the competent authority or after its first occupation, whichever is earlier. (Provisions of paragraph 2 of this notification shall apply for valuation of this service)		Provided also that the registered person shall pay, by debit in the electronic credit ledger or electronic cash ledger, an amount equivalent to the input tax credit attributable to construction in a project, time of supply of which is on or after 1 April, 2019, which shall be calculated in the manner as prescribed in the Annexure I in the case of REP other than RREP and in Annexure II in the case of RREP; Provided also that where a registered person (landowner- promoter) who transfers development right or FSI (including additional FSI) to a promoter (developer- promoter) against consideration, wholly or partly, in the form of construction of apartments, – (i) the developer- promoter shall pay tax on supply of construction of apartments to the landowner- promoter, and (ii) such landowner – promoter shall be eligible for credit of taxes charged from him by the developer promoter towards the supply of construction of apartments by developer- promoter to him, provided the landowner- promoter further supplies such apartments to his buyers before issuance of completion certificate or first occupation, whichever is earlier, and pays tax on the same which is not less than the amount of tax charged from him on construction of such apartments by the developer- promoter. Explanation. – (i) “developer- promoter” is a promoter who constructs or converts a building into apartments or develops a plot for sale, (ii) “landowner- promoter” is a promoter
(ia) Construction of residential apartments other than affordable residential apartments by a promoter in an RREP which commences on or after 1 April, 2019 or in an ongoing RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be, in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier. (Provisions of paragraph 2 of this notification shall apply for valuation of this service)	3.75
(ib) Construction of commercial apartments (shops, offices, godowns etc.) by a promoter in an RREP which commences on or after 1 April, 2019 or in an ongoing RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be, in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier. (Provisions of paragraph 2 of this notification shall apply for valuation of this service)	3.75
(ic) Construction of affordable residential apartments by a promoter in a Real Estate Project (herein after referred to as REP) other than RREP, which commences on or after 1 April, 2019 or in an ongoing REP	0.75

other than RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be, in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service)

who transfers the land or development rights or FSI to a developer- promoter for construction

of apartments and receives

constructed apartments against such transferred rights and sells such apartments to his buyers

independently.

Provided also that eighty percent of value of input and input services, [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor spirit, natural gas], used in supplying the service shall be received from registered supplier only;

Provided also that inputs and input services on which tax is paid on reverse charge basis shall be deemed to have been purchased from registered person;

Provided also that where value of input and input services received from registered suppliers during the financial year (or part of the financial year till the date of issuance of completion certificate or first occupation of the project, whichever is earlier) falls short of the said threshold of 80 per cent., central tax shall be paid by the promoter on value of input and input services comprising such shortfall at the rate of nine percent on reverse charge basis and all the provisions of the Manipur Goods and Services Tax Act, 2017 (3 of 2017) shall apply to him as if he is the person liable for paying the tax in relation to the supply of such goods or services or both;

Provided also that notwithstanding anything contained herein above, where cement is received from an unregistered person, the promoter shall pay tax on supply of such cement at the applicable rates on reverse charge basis and all the

(id) Construction of residential apartments other than affordable residential apartments by a promoter in a REP other than a RREP which commences on or after 1 April, 2019 or in an ongoing REP other than RREP in respect of which the promoterhas not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be, in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service)

3.75

provisions of the Manipur Goods and Services Tax Act, 2017 (3 of 2017), shall apply to him as if he is the person liable for paying the tax in relation to such supply of cement;

(Please refer to the illustrations in annexure III)

Explanation. –

1. The promoter shall maintain project wise account of inward supplies from registered and unregistered supplier and calculate tax payments on the shortfall at the end of the financial year and shall submit the same in the prescribed form electronically on the common portal by end of the quarter following the financial year. The tax liability on the shortfall of inward supplies from unregistered person so determined shall be added to his output tax liability in the month not later than the month of June following the end of the financial year.

2. Notwithstanding anything contained in Explanation 1 above, tax on cement received from unregistered person shall be paid in the month in which cement is received.

3. Input Tax Credit not availed shall be reported every month by reporting the same as ineligible credit in GSTR-3B [Row No. 4 (D)(2)].

(ie) Construction of an apartment in an ongoing project under any of the schemes specified in sub-item (b), sub-item (c), sub- item (d), sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item (d) and sub-item (da) of item (v); and sub-item (c) of item (vi), against serial number 3 of the Table, in respect of which the promoter has exercised option to pay state tax on construction of apartments at the rates as

Provided that in case of ongoing project, the registered person shall exercise one time option in the Form at Annexure IV to pay state tax on construction of apartments in a project at the rates as specified for item (ie) or (if), as the case may be, by the 10 of May, 2019;

Provided also that where the option is not exercised in Form at annexure IV by the 10 of May, 2019, option to pay tax at the

against serial number 3, –

omitted;

b. in item (iv) in column (3), –

st th

specified for this item.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service)

rates as applicable to item (i) or (ia) or (ib) or (ic) or (id) above, as the case may be, shall be deemed to have been exercised;

Provided also that invoices for supply of the service can be issued during the period from 1 April 2019 to 10 May 2019 before exercising the option, but such invoices shall be in accordance with the option to be exercised.;

(if) Construction of a complex, building, civil structure or a part thereof, including,-

(i) commercial apartments (shops, offices, godowns etc.) by a promoter in a REP other than RREP,

(ii) residential apartments in an ongoing project, other than affordable residential apartments, in respect of which the promoter has exercised option to pay state tax on construction of apartments at the rates as specified for this item in the manner prescribed herein, but excluding supply by way of services specified at items (i), (ia), (ib), (ic), (id) and (ie) above intended for sale to a buyer, wholly or

partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

Explanation. -For the removal of doubt, it is hereby clarified that, supply by way of services specified at items (i), (ia), (ib), (ic), (id) and (ie) in column (3) shall attract state tax prescribed against them in column (4) subject to conditions specified against them in column (5) and shall not be levied at the rate as specified under this entry.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service

(b)

a. item (ii) and the entries relating thereto in columns (3), (4) and (5) shall be

that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above” shall be

inserted;

c. in item (v) in column (3), –

that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above” shall be

inserted;

items and entries shall be inserted, namely, –

(1) after the figures “2017”, the words, brackets, figures and letters“ other than

(1) after the figures “2017”, the words, brackets, figures and letters “other than

d. after item (v) and entries relating thereto in column (3), (4) and (5), the following

(3)

(4)

(5)

(va) Composite supply of works contract as defined in clause (119) of section 2 of the Manipur Goods and Services Tax Act, 2017, other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above, supplied by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of affordable residential apartments covered by sub- clause (a) of clause (xvi) of paragraph 4 below, in a project which commences on or after 1 April, 2019,or in an ongoing project in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if), as the case may be, in the manner prescribed therein,

Provided that carpet

area of the affordable

residential apartments

as specified in the

entry in column (3) relating to this item, is not less than 50 per cent. of the total carpet area of all the apartments in the

project;

Provided also that for

the purpose of

determining whether

the apartments at the time of supply of the service are affordable

residential apartments

covered by sub-

clause (a) of clause

(xvi) of paragraph 4 below or not, value of the apartments shall be the value of similar apartments booked nearest to the date of signing of the contract

for supply of the

service specified in

the entry in column

(3) relating to this

item;

figures “other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and

(if)above” shall be inserted’;

namely: –

Provided also that in

case it finally turns out that the carpet area of the affordable

residential apartments

booked or sold before

or after completion,

for which gross

amount actually

charged was forty five

lakhs rupees or less

and the actual carpet

area was within the

limits prescribed in

sub- clause (a) of

clause (xvi) of

paragraph 4 below, was less than 50 per cent. of the total carpet area of all the apartments in the

project, the recipient of the service, that is, the promoter shall be

liable to pay such

amount of tax on

reverse charge basis as is equal to the difference between the

tax payable on the

service at the

applicable rate but for

the rate prescribed

herein and the tax

actually paid at the

rate prescribed

herein”;

in item (vi) in column (3), after the figures “2017”, the words, brackets, and
in item (xii) in column (3), for the entry, the following entry shall be substituted,

(v), (va), (vi), (vii), (viii), (ix), (x) and (xi) above.

rate as specified under this entry.”;

against serial number 16, in item (ii) in column (3), for the word, brackets and letters

“sub-item (b), sub-item (c), sub-item (d), sub-item (da) and sub-item (db) of item (iv);

sub-item (b), sub-item (c), sub-item(d) and sub-item (da) of item (v); and sub-item (c)

of item (vi)”, the word, brackets figures and letters “ (i) (ia), (ib), (ic), (id), (ie) and

(if)” shall be substituted;

after serial number 38 in column (1) and the entries relating thereto in column (2),

(3), (4) and (5) the following serial number and entries shall be inserted, namely: –

(iii) in paragraph 2,-

sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item (d)

“(xii) Construction services other than (i), (ia), (ib), (ic), (id), (ie), (if), (iii), (iv),

Explanation. – For the removal of doubt, it is hereby clarified that, supply by way of services specified at items (i), (ia), (ib), (ic), (id), (ie) and (if) in column (3) shall attract state tax prescribed against them in column (4) subject to conditions specified against them in column (5) and shall not be levied at the

(1)

(2)

(3)

(4)

(5)

“39.

Chapter 99

Supply of services other than services by

way of grant of development rights, long

term lease of land (against upfront

payment in the form of premium, salami,

development charges etc.) or FSI

(including additional FSI) by an

unregistered person to a promoter for

construction of a project on which tax is

payable by the recipient of the services

under sub- section 4 of section 9 of the

Manipur Goods and Services Tax Act,

2017 (3 of 2017), as prescribed in notification No. 7/2019- State Tax (Rate), dated 29 March, 2019, published in Manipur Gazette, Extraordinary vide No. , ,dated 29 March, 2019.

Explanation. –

This entry is to be taken to apply to all services which satisfy the conditions prescribed herein, even though they may be covered by a more specific chapter, section or heading elsewhere in this notification.

-”;

(a) for the words, brackets, letters and figures “sub-item (b), sub-item (c), sub-item (d),

and sub-item (da) of item (v); and sub-item (c) of item (vi),” the word, brackets,

letters and figures “ (i) (ia), (ib), (ic), (id), (ie) and (if)” shall be substituted;

below” shall be inserted;

(iv) after paragraph 2, the following paragraph shall be inserted, namely, –

any, as prescribed in paragraph 2 above.”

inserted, namely: –

booking of the apartment has been issued on or before the 31 March, 2019;

(xvi) the term “affordable residential apartment” shall mean, –

an ongoing project in respect of which the promoter has not exercised option in the

prescribed form to pay state tax on construction of apartments at the rates as specified

for item (ie) or (if) against serial number 3, as the case may be, having carpet area not

exceeding 60 square meter in metropolitan cities or 90 square meter in cities or towns

other than metropolitan cities and for which the gross amount charged is not more than

forty five lakhs rupees.

For the purpose of this clause, –

Noida, Greater Noida, Ghaziabad, Gurgaon, Faridabad), Hyderabad, Kolkata

and Mumbai (whole of MMR) with their respective geographical limits

prescribed by an order issued by the Central or State Government in this regard;

(b) in the Explanation, after the words “this paragraph” the words “and paragraph 2A

“2A. Where a registered person transfers development right or FSI (including additional FSI) to a promoter against consideration, wholly or partly, in the form of construction of apartments, the value of construction service in respect of such apartments shall be deemed to be equal to the Total Amount charged for similar apartments in the project from the independent buyers, other than the person transferring the development right or FSI (including additional FSI), nearest to the date on which such development right or FSI (including additional FSI) is transferred to the promoter, less the value of transfer of land, if

(v) in paragraph 4 relating to Explanation, after clause (xii), the following clauses shall be

“(xiii) an apartment booked on or before the 31 March, 2019 shall mean an apartment which meets all the following three conditions, namely- (a) part of supply of construction of which has time of supply on or before the 31 March, 2019 and (b) at least one instalment has been credited to the bank account of the registered person on or before the 31 March, 2019and (c) an allotment letter or sale agreement or any other similar document evidencing

the term “apartment” shall have the same meaning as assigned to it in clause (e) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);
the term “project” shall mean a Real Estate Project or a Residential Real Estate Project;

(a) a residential apartment in a project which commences on or after 1 April, 2019,or in

(i) Metropolitan cities are Bengaluru, Chennai, Delhi NCR (limited to Delhi,

(ii) Gross amount shall be the sum total of; –

column (3) against sl. No. 3 in the Table;

the case may be including by way of lease or sub lease; and

apartment including preferential location charges, development

charges, parking charges, common facility charges etc.;

specified in sub-item (b), sub-item (c), sub-item (d), sub-item (da) and sub-item (db) of

item (iv); sub-item (b), sub-item (c), sub-item (d) and sub-item (da) of item (v); and

sub-item (c) of item (vi), against serial number 3 of the Table above, in respect of

which the promoter has not exercised option to pay state tax on construction of

apartments at the rates as specified for item (ie) or (if) against serial number 3, as the

case may be.”

of 2016);

area of all the apartments in the REP.

conditions, namely-

before 31 March, 2019:-

March, 2019;

Consideration charged for the services specified at item (i) and (ic) in
Amount charged for the transfer of land or undivided share of land, as
Any other amount charged by the promoter from the buyer of the

(b) an apartment being constructed in an ongoing project under any of the schemes

the term “promoter” shall have the same meaning as assigned to it in in clause (zk) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);
the term “Real Estate Project (REP) ” shall have the same meaning as assigned to it in in clause (zn) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16
the term “Residential Real Estate Project (RREP)” shall mean a REP in which the carpet area of the commercial apartments is not more than 15 per cent. of the total carpet
the term “ongoing project” shall mean a project which meets all the following

(a) commencement certificate in respect of the project, where required to be issued by the competent authority, has been issued on or before 31 March, 2019, and it is certified by any of the following that construction of the project has started on or

an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972); or
a chartered engineer registered with the Institution of Engineers (India); or
a licensed surveyor of the respective local body of the city or town or village or development or planning authority.

(b) where commencement certificate in respect of the project, is not required to be issued by the competent authority, it is certified by any of the authorities specified in sub- clause (a) above that construction of the project has started on or before the 31

taken place on or before the 31 March, 2019;

on or before the 31 March, 2019.

foundation has started on or before the 31 March, 2019.

property, as per the sanctioned plan;

development works on immovable property;

project for its benefit, as per sanctioned plans;

property;

Act, 2016 (No. 16 of 2016) by the Central Government or State Government;

than an ongoing project;

declared to the Real Estate Regulatory Authority or to competent authority;

(d) apartments being constructed under the project have been, partly or wholly, booked

Explanation.-For the purpose of sub- clause (a) and (b) above, construction of a project shall be considered to have started on or before the 31 March, 2019, if the earthwork for site preparation for the project has been completed and excavation for

“commencement certificate” means the commencement certificate or the building permit or the construction permit, by whatever name called issued by the competent authority to allow or permit the promoter to begin development works on an immovable
“development works” means the external development works and internal
“external development works” includes roads and road systems landscaping, water supply, seweage and drainage systems, electricity supply transformer, sub-station, solid waste management and disposal or any other work which may have to be executed in the periphery of, or outside, a project for its benefit, as may be provided under the local laws;
“internal development works” means roads, footpaths, water supply, sewers, drains, parks, tree planting, street lighting, provision for community buildings and for treatment and disposal of sewage and sullage water, solid waste management and disposal, water conservation, energy management, fire protection and fire safety requirements, social infrastructure such as educational health and other public amenities or any other work in a
the term “competent authority” as mentioned in definition of “commencement certificate” and “residential apartment”, means the local authority or any authority created or established under any law for the time being in force by the Central Government or State Government or Union Territory Government, which exercises authority over land under its jurisdiction, and has powers to give permission for development of such immovable
The term “carpet area” shall have the same meaning assigned to it in in clause (k) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);
the term “Real Estate Regulatory Authority” shall mean the Authority established under sub- section (1) of section 20 (1) of the Real Estate (Regulation and Development)
“project which commences on or after 1 April, 2019” shall mean a project other
“Residential apartment” shall mean an apartment intended for residential use as

floor area) to the size of the piece of land upon which it is built;

Government of Manipur

2018 vide number 380, dated the 3 January, 2019.

“Commercial apartment” shall mean an apartment other than a residential apartment;
“floor space index (FSI) ” shall mean the ratio of a building’s total floor area (gross

2. This notification shall come into force with effect from the1 day of April, 2019.

Rakesh Ranjan

Principal Secretary (Finance)

Note: -The principal notification No. 11/2017 – State Tax(Rate), dated the 28 June, 2017 was published in the Manipur Gazette, Extraordinary, vide number 120, dated the 29 June, 2017 and was last amended by notification No. 27/2018-State Tax (Rate), dated the 31 December,

Annexure I

st st

Real estate project (REP) other than Residential Real estate project (RREP) Input tax credit attributable to construction of residential portion in a real estate

project (REP)other than residential real estate project (RREP), which has time of supply on or after 1 April, 2019, shall be calculated project wise for all projects which commence on or after 1 April, 2019or ongoing projects in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be, in the prescribed manner, before the due date for furnishing of the return for the month of September following the end of financial year 2018-19, in the following manner:

1. Where % completion as on 31 March, 2019 is not zero or where there is inventory in stock

(a) Input tax credit on inputs and input services attributable to construction of residential portion in a REP, which has time of supply on or after 1 April, 2019, may be denoted as Tx. Tx shall be calculated as under:

Tx=T-Te

Where,

(i) T is the total ITC availed (utilized or not) on inputs and input services used in

construction of the REP from 1 July, 2017 to 31 March, 2019 including transitional credit taken on 1 July, 2017;

(ii) Te is the eligible ITC attributable to (a) construction of commercial portion and

(b) construction of residential portion, in the REP which has time of supply on or before 31 March, 2019;

(b) Te shall be calculated as under:

Te=Tc+Tr

Where, –

Tc is the ITC attributable to construction of commercial portion in the REP, calculated as under:

Tc =T * (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP) and

Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31 March, 2019 and which shall be calculated as under,

Tr= T* F1 * F2 * F3 * F4

Where, –

= Carpet area of residential apartments in REP

Total carpet area of commercial and residential apartments in the REP

Total carpet area of residential apartment booked on or before 31 March, 2019

Total carpet area of the residential apartment in REP

Such Value of supply of construction of residential apartments booked on or before 31 March, 2019 which has time of supply on or before 31 March, 2019

Total value of supply of construction of residential apartments booked on or before 31 March, 2019

(F3 is to account for percentage invoicing of booked residential apartments)

= 1

% Completion of construction as on 31 March, 2019

Illustration: where one- fifth (twenty percent) of the construction has been completed, F4 shall be 100 ÷ 20 = 5.

Explanation: “% Completion of construction as on 31 March, 2019” shall be the same as declared to the Real Estate Regulatory Authority in terms of section 4 and section 11 of Real Estate (Regulation and Development) Act, 2016 (16 of 2016) and where the same is not required to be declared to the Real Estate Regulatory Authority, it shall be got determined and certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India).

(c) A registered person shall have the option to calculate ‘Te’ in the manner prescribed below instead of the manner prescribed in (b) above,-

Te shall be calculated as under:

Te = Tc + T1 + Tr

Where, –

Tc is the ITC attributable to construction of commercial portion in the REP, calculated as under:

Tc =T3 * (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP);

Wherein

T3 = T- (T1 + T2)

T1 = ITC attributable exclusively to construction of commercial portion in the REP T2 = ITC attributable exclusively to construction of residential portion in the REP and

Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31.03.2019 and which shall be calculated as under,

Tr= (T3 + T2)* F1

* F2

* F3

* F4

Tr= (T- T1)* F1

* F2

* F3

* F4

The amounts ‘Tx’ and ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.
Where, Tx is positive, i.e. Te<T, the registered person shall pay, by debit in the electronic credit ledger or electronic cash ledger, an amount equal to the difference between T and Te. Such amount shall form part of the output tax liability of the registered person and the amount shall be furnished in FORM GST ITC- 03.

Explanation: The registered person may file an application in FORM GST DRC- 20, seeking extension of time for the payment of taxes or any amount due or for allowing payment of such taxes or amount in installments in accordance with the provisions of section 80. The commissioner may issue an order in FORM GST DRC- 21 allowing the taxable person further time to make payment and/or to pay the amount in such monthly installments, not exceeding twenty-four, as he may deem fit.

WhereTx is negative, i.e.Te>T, the registered person shall be eligible to take ITC on goods and services received on or after 1 April, 2019 for construction of residential portion in the REP, for which he shall not otherwise be eligible, to the extent of difference between Te and T.
The registered person may calculate Tc and utilize credit to the extent of Tc for payment of tax on commercial apartments, till the complete accounting of Tx is carried out and submitted.
Where percentage completion is zero but ITC has been availed on goods and services received for the project on or prior to 31 March, 2019, input tax credit attributable to construction of residential portion which has time of supply on or after 1 April, 2019, shall be calculated and the amount equal to Tx shall be paid or taken credit of, as the case

may be, as prescribed above, with the modification that percentage completion for

calculation of F4

shall be taken as the percentage completion which, as certified by an

architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India), can be achieved with the input services received and inputs in stock as on 31 March, 2019.

2. Where % completion as on 31st March, 2019 is zero but invoicing has been done having time of supply before 31st March, 2019,and no input services or inputs have been received as on 31st March, 2019, “Te” shall be calculated as follows: –

(a) Input tax credit on inputs and input services attributable to construction of residential portion in aREP, which has time of supply on or before 31 March, 2019 may be denoted as Te which shall be calculated as under,

Te = Tc + Tr

Where, –

Tc is the ITC attributable to construction of commercial portion in the REP, calculated as under:

Tc =Tn* (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP) and

Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31 March, 2019 and which shall be calculated as under,

Tr = Tn* F1 Where, –

* F2

* F3

Tn= Tax paid on such inputs and input services on which ITC is available under the Manipur GST Act, received in 2019-20 for construction of REP

F1, F2 and F3 shall be the same as in para 1 above

The registered person shall be eligible to take ITC on goods and services received on or after 1 April, 2019 for construction of residential portion in the REP, for which he shall not otherwise be eligible, to the extent of the amount of Te.
The amount ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

3. Notwithstanding anything contained in paragraph 1 or paragraph 2 above, Te shall be determined in the following situations as under:

(i) Where percentage invoicing is more than the percentage completion and the

difference between percentage invoicing (per cent. points) and the percentage completion (per cent. points) of construction is more than 25 percent. points; the

value of percentage invoicing shall be deemed to be percentage completion plus 25 percent. points;

(ii) Where the value of invoices issued on or prior to 31 March, 2019 exceeds the

consideration actually received on or prior to 31 March, 2019 by more than 25 percent. of consideration actually received; the value of such invoices for the purpose of determination of percentage invoicing shall be deemed to be actual consideration received plus 25 percent. of the actual consideration received; and

(iii) where, the value of procurement of inputs and input services prior to 1 April, 2019 exceeds the value of actual consumption of the inputs and input services used in the percentage of construction completed as on 31 March, 2019 by more than 25 percent. of value of actual consumption of inputs and input services, the jurisdictional commissioner or any other officer authorized in this regard may fix the Te based on actual per unit consumption of inputs and input services based on the documents duly certified by a chartered accountant or cost accountant submitted by the promoter in this regard, applying the accepted principles of accounting.

Illustration 1:

Sl. No	Details of a REP (Res + Com)
Sl. No	A	B	C	D
1	No. of apartments in the project		100	units
2	No. of residential apartments in the project		75	units
3	Carpet area of the residential apartment		70	sqm
4	Total carpet area of the residential apartments	C2 * C3	5250	sqm
5	value of each residential apartment		0.60	crore
6	Total value of the residential apartments	C2 * C5	45.00	crore
7	No. of commercial apartments in the project		25	units
8	Carpet area of the commercial apartment		30	sqm
9	Total carpet area of the commercial apartments	C7 * C8	750	sqm
10	Total carpet area of the project (Resi + Com)	C4 + C9	6000	sqm
11	Percentage completion as on 31.03.2019 [as declared to RERA or determined by chertered engineer]		20%
12	No of residential apartments booked before transition		40	units
13	Total carpet area of the residential apartments booked before transition	C12 * C3	2800	sqm
14	Value of booked residential apartments	C5 * C12	24	crore
15	Percentage invoicing of booked residential apartments on or before 31.03.2019		20%
16	Total value of supply of residential apartments having t.o.s. prior to transition	C14 * C15	4.8	crore
17	ITC to be reversed on transition, Tx= T- Te
18	Eligible ITC (Te)= Tc + Tr
19	T (*see notes below)		1	crore
20	Tc= T x (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP)	C19 * (C9/ C10)	0.125	crore
21	Tr= T x F1 x F2 x F3 x F4
22	F1	C4 / C10	0.875
23	F2	C13 / C4	0.533
24	F3	C16 / C14	0.200
25	F4	1/ C11	5
26	Tr= T x F1 x F2 x F3 x F4	C19 * C22 * C23 * C24 * C25	0.467	crore
27	Eligible ITC (Te)=Tc + Tr	C26 + C20	0.592	crore
28	ITC to be reversed on transition, Tx= T- Te	C19 – C27	0.408	crore

	* Note:- 1. The value of T at C19 has been estimated for illustration based on weighted average tax on inputs. 2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T.

[F. No.354/32/2019-TRU]

(Pramod Kumar)

Illustration 2:

Sl. No	Details of a REP (Res + Com)
Sl. No	A	B	C	D
1	No. of apartments in the project		100	units
2	No. of residential apartments in the project		75	units
3	Carpet area of the residential apartment		70	sqm
4	Total carpet area of the residential apartments	C2 * C3	5250	sqm
5	value of each residential apartment		0.60	crore
6	Total value of the residential apartments	C2 * C5	45.00	crore
7	No. of commercial apartments in the project		25	units
8	Carpet area of the commercial apartment		30	sqm
9	Total carpet area of the commercial apartments	C7 * C8	750	sqm
10	Total carpet area of the project (Resi + Com)	C4 + C9	6000	sqm
11	Percentage completion (Pc) as on 31.03.2019 [as declared to RERA or determined by chertered engineer]		20%
12	No of residential apartments booked before transition		40	units
13	Total carpet area of the residential apartments booked before transition	C12 * C3	2800	sqm
14	Value of booked residential apartments	C5 * C12	24	crore
15	Percentage invoicing of booked residential apartments on or before 31.03.2019		60%
16	Total value of supply of residential apartments having t.o.s. prior to transition	C14 * C15	14.4	crore
17	ITC to be reversed on transition, Tx= T- Te
18	Eligible ITC (Te)= Tc + Tr
19	T (*see notes below)		1	crore
20	Tc= T x (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP)	C19 * (C9/ C10)	0.125	crore
21	Tr= T x F1 x F2 x F3 x F4
22	F1	C4 / C10	0.875
23	F2	C13 / C4	0.533
24	F3	C16 / C14	0.600
25	F4	1/ C11	5
26	Tr= T x F1 x F2 x F3 x F4	C19 * C22 * C23 * C24 * C25	1.400	crore
27	Eligible ITC (Te)=Tc + Tr	C26 + C20	1.525	crore
28	ITC to be reversed/ taken on transition, Tx= T- Te	C19 – C27	-0.525	crore

29	Tx after application of cap on % invoicing vis-a-vis Pc
30	% completion		20%
31	% invoicing		60%
32	% invoicing after application of cap(Pc + 25%)	C11+25%	45%
33	Total value of supply of residential apartments having t.o.s. prior to transition	C14*C32	10.80	crore
34	F3 after application of cap	C33/C14	0.45
35	Tr= T x F1 x F2 x F3 x F4 (after application of cap)	C19 * C22 * C23 * C34 * C25	1.05	crore
36	Eligible ITC (Te)=Tc + Tr (after application of cap)	C20 + C35	1.18	crore
37	ITC to be reversed / taken on transition, Tx= T- Te (after application of cap)	C19 – C36	-0.18	crore

38	Tx after application of cap on % invoicing vis-a-vis Pc and payment realisation
39	% invoicing after application of cap(Pc + 25%)		45%
40	Total value of supply of residential apartments having t.o.s. prior to transition	C33	10.80	crore
41	Consideration received		8.00	crore
42	Total value of supply of residential apartments having t.o.s. prior to transition after application of cap vis-a-vis consideration received	8 cr + 25% of 8 Cr	10.00	crore
43	F3 after application of both the caps	C42 / C14	0.42
44	Tr= T x F1 x F2 x F3 x F4 (after application of both the caps)	C19 * C22 * C23 * C43 * C25	0.97
45	Eligible ITC (Te)=Tc + Tr (after application of both the caps)	C20 + C44	1.10
46	ITC to be reversed / taken on transition, Tx= T- Te (after application of both the caps)	C19 – C45	-0.10	crore

	* Note:- 1. The value of T at C19 has been estimated for illustration based on weighted average tax on inputs. 2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T.

st st

Annexure II

Residential Real Estate Project (RREP)

Input tax credit attributable to construction of residential and commercial portion in a Residential Real estate project (RREP), which has time of supply on or after 1 April, 2019, shall be calculated project wise for all projects which commence on or after 1 April, 2019 or ongoing projects in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be, in the prescribed manner, before the due date for furnishing of the return for the month of September following the end of financial year 2018-19, in the following manner:

1. Where % completion as on 31 March, 2019 is not zero or where there is inventory in stock

(a) Input tax credit on inputs and input services attributable to construction of residential and commercial portion in an RREP, which has time of supply on or after 1 April, 2019, may be denoted as Tx. Tx shall be calculated as under:

Tx = T-Te

Where,

(i) T is the total ITC availed (utilized or not) on inputs and input services used in

construction of the RREP from 1 July, 2017 to 31 March, 2019 including transitional credit taken on 1 July, 2017;

(ii) Te is the eligible ITC attributable to construction of commercial portion and

construction of residential portion, in the RREP which has time of supply on or before 31 March, 2019;

(b) Te shall be calculated as under:

Te= T* F1

* F2

* F3

* F4

Where, –

= Carpet area of residential and commercial apartments in the RREP Total carpet area of apartments in the RREP

(In case of a Residential Real Estate Project, value of “F1” shall be 1.)

Total carpet area of residential and commercial apartment booked on or before 31 March, 2019

Total carpet area of the residential and commercial apartment in the RREP

F3 =

uch value of supply of construction of residential and commercial apartments booked on or before 31 March, 2019 which has time of supply on or before 31 March, 2019
otal value of supply of construction of residential and commercial apartments booked on or before 31 March, 2019

(F3 is to account for percentage invoicing of booked residential apartments)

= 1

% Completion of construction as on 31 March, 2019

Illustration: where one- fifth (twenty percent) of the construction has been completed, F4 shall be 100 ÷ 20 = 5.

Explanation: “% Completion of construction as on 31 March, 2019” shall be the same as declared to the Real Estate Regulatory Authority in terms of section 4 and section 11 of Real Estate (Regulation and Development) Act, 2016 and where the same is not required to be declared to the Real Estate Regulatory Authority, it shall be got determined and certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India).

The amounts ‘Tx’ and ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.
Where, Tx is positive, i.e.Te<T, the registered person shall pay, by debit in the electronic credit ledger or electronic cash ledger, an amount equal to the difference between T and Te. Such amount shall form part of the output tax liability of the registered person and the amount shall be furnished in FORM GST ITC- 03.

Where, Tx is negative, i.e.Te>T, the registered person shall be eligible to take ITC on goods and services received on or after 1 April, 2019 for construction of the RREP, for which he shall not otherwise be eligible, to the extent of difference between Te and T.
Where percentage completion is zero but ITC has been availed on goods and services received for the project on or prior to 31 March, 2019, input tax credit attributable

to construction of residential and commercial portion which has time of supply on or after 1 April, 2019, shall be calculated and the amount equal to Tx shall be paid or taken credit of, as the case may be, as prescribed above, with the modification that percentage

completion for calculation of F4

shall be taken as the percentage completion which, as

certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India), can be achieved with the input services received and inputs in stock as on 31 March, 2019.

2. Where % completion as on 31st March, 2019 is zero but invoicing has been done having time of supply before 31st March, 2019, and no input services or inputs have been received as on 31st March, 2019, “Te” shall be calculated as follows: –

(a) Input tax credit on inputs and input services attributable to construction of residential and commercial portion in an RREP, which has time of supply on or before 31 March, 2019may be denoted as Te which shall be calculated as under,

Te = Tn* F1 Where, –

* F2

* F3

Tn= Tax paid on such inputs and input services on which ITC is available under the Manipur GST Act, received in 2019-20 for construction of residential and commercial apartments in the RREP.

F1, F2 and F3 shall be the same as in para 1 above

The registered person shall be eligible to take ITC on goods and services received on or after 1 April, 2019 for construction of residential or commercial portion in the RREP, for which he shall not otherwise be eligible, to the extent of the amount of Te.
The amount ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

3. Notwithstanding anything contained in paragraph 1 or paragraph 2 above, Te shall be determined in the following situations as under:

(i) where percentage invoicing is more than the percentage completion and the

difference between percentage invoicing (per cent. points) and the percentage completion (per cent. points) of construction is more than 25 percent. points; the value of percentage invoicing shall be deemed to be percentage completion plus 25 percent. points;

(ii) where the value of invoices issued on or prior to 31 March, 2019exceeds the

consideration actually received on or prior to 31 March, 2019by more than 25 per cent.of consideration actually received; the value of such invoices for the purpose of

determination of percentage invoicing shall be deemed to be actual consideration received plus 25 per cent. of the actual consideration received; and

(iii) where, the value of procurement of inputs and input services prior to 1 April, 2019 exceeds the value of actual consumption of the inputs and input services used in the percentage of construction completed as on 31 March, 2019 by more than 25 per cent. of value of actual consumption of inputs and input services, the jurisdictional commissioner or any other officer authorized in this regard may fix the Te based on actual per unit consumption of inputs and input services based on the documents duly certified by a chartered accountant or cost accountant submitted by the promoter in this regard, applying the accepted principles of accounting.

Illustration 1:

Sl No	Details of a residential real estate project (RREP)
Sl No	A	B	C	D
1	No. of apartments in the project		100	units
2	No. of residential apartments in the project		100	units
3	Carpet area of the residential apartment		70	sqm
4	Total carpet area of the residential apartments	C2 * C3	7000	sqm
5	value of each residential apartment		0.60	crore
6	Percentage completion as on 31.03.2019 [as declared to RERA or determined by chertered engineer]		20%
7	No of apartments booked before transition		80	units
8	Total carpet area of the residential apartment booked before transition	C3 * C7	5600	sqm
9	Value of booked residential apartments	C5 * C7	48	crore
10	Percentage invoicing of booked residential apartments on or before 31.03.2019		20%
11	Total value of supply of residential apartments having t.o.s. prior to transition	C9 * C10	9.6	crore
12	ITC to be reversed on transition, Tx= T- Te
13	Eligible ITC (Te)=T x F1 x F2 x F3 x F4)
14	T (*see notes below)		1	crore
15	F1		1
16	F2	C8 / C4	0.8
17	F3	C11 / C9	0.2
18	F4	1/ C6	5
19	Eligible ITC (Te)=T x F1 x F2 x F3 x F4)	C14 * C15 * C16 * C17 * C18	0.8	crore
20	ITC to be reversed on transition, Tx= T- Te	C14 – C19	0.2	crore

	*Note:- 1. The value of T at C14 has been estimated for illustration based on weighted average tax on inputs. 2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T.

[F. No.354/32/2019-TRU]

(Pramod Kumar)

Illustration 2:

Sl No	Details of a residential real estate project (RREP)
Sl No	A	B	C	D
1	No. of apartments in the project		100	units
2	No. of residential apartments in the project		100	units
3	Carpet area of the residential apartment		70	sqm
4	Total carpet area of the residential apartments	C2 * C3	7000	sqm
5	value of each residential apartment		0.60	crore
6	Percentage completion as on 31.03.2019 [as declared to RERA or determined by chertered engineer]		20%
7	No of apartments booked before transition		80	units
8	Total carpet area of the residential apartment booked before transition	C3 * C7	5600	sqm
9	Value of booked residential apartments	C5 * C7	48	crore
10	Percentage invoicing of booked residential apartments on or before 31.03.2019		60%
11	Total value of supply of residential apartments having t.o.s. prior to transition	C9 * C10	28.8	crore
12	ITC to be reversed on transition, Tx= T- Te
13	Eligible ITC (Te)=T x F1 x F2 x F3 x F4)
14	T (*see notes below)		1	crore
15	F1		1
16	F2	C8 / C4	0.8
17	F3	C11 / C9	0.6
18	F4	1/ C6	5
19	Eligible ITC (Te)=T x F1 x F2 x F3 x F4)	C14 * C15 * C16 * C17 * C18	2.4	crore
20	ITC to be reversed on transition, Tx= T- Te	C14 – C19	-1.4	crore

21	Tx after application of cap on % invoicing vis-a-vis Pc
22	% completion		20%
23	% invoicing		60%
24	% invoicing after application of cap(Pc + 25%)	C6 + 25 %	45%
25	Total value of supply of residential apartments having t.o.s. prior to transition	C9 * C24	21.60	crore
26	F3 after application of cap	C25/C9	0.45
27	Te= T x F1 x F2 x F3 x F4 (after application of cap)	C14 * C15 * C16 * C26 * C18	1.80	crore
28	ITC to be reversed / taken on transition, Tx= T- Te (after application of cap)	C14 – C27	-0.80	crore

29	Tx after application of cap on % invoicing vis-a-vis Pc and payment realisation
30	% invoicing after application of cap(Pc + 25%)		45%
31	Total value of supply of residential apartments having t.o.s. prior to transition	C25	21.60	crore
32	consideration received		16.00	crore
33	Total value of supply of residential apartments having t.o.s. prior to transition after application of cap vis-a-vis consideration received	16 cr + 25% of 16 Cr	20.00	crore
34	F3 after application of both the caps	C33/C9	0.42
35	Te= T x F1 x F2 x F3 x F4 (after application of both the caps)	C14 * C15 * C34 * C26 * C18	1.67
36	ITC to be reversed / taken on transition, Tx= T- Te (after application of both the caps)	C14 – C35	-0.67	crore


	*Note:- 1. The value of T at C14 has been estimated for illustration based on weighted average tax on inputs. 2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T.

Annexure III

Illustration 1:

estate project during a financial year.

cement at the applicable rates on reverse charge basis.

Illustration 2:

spirit, natural gas], for construction of a residential real estate project during a financial year.

A promoter has procured following goods and services [other than capital goods and services by way of grant of development rights, long term lease of land or FSI] for construction of a residential real

Sl. No.	Name of input goods and services	Percentage of input goods and services received during the financial year	Whether inputs received from registered supplier? (Y/ N)
1	Sand	10	Y
2	Cement	15	N
3	Steel	20	Y
4	Bricks	15	Y
5	Flooring tiles	10	Y
6	Paints	5	Y
7	Architect/ designing/ CAD drawing etc.	10	Y
8	Aluminium windows, Ply, commercial wood	15	Y

In this example, the promoter has procured 80 per cent.of goods and services [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor spirit, natural gas], from a GST registered person. However, he has procured cement from an unregistered supplier. Hence at the end of financial year, the promoter has to pay GST on

A promoter has procured following goods and services [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor

Sl. No.	Name of input goods and services	Percentage of input goods and services received during the financial year	Whether inputs received from registered supplier? (Y/ N)
1	Sand	10	Y
2	Cement	15	Y
3	Steel	20	Y
4	Bricks	15	Y
5	Flooring tiles	10	Y
6	Paints	5	N

required to pay GST on inputs on reverse charge basis.

Illustration 3:

spirit, natural gas], for construction of a residential real estate project during a financial year.

shortfall of 15 per cent., the promoter shall pay tax @ 18 (9+9) per cent. under RCM.

[F. No.354/32/2019-TRU]

(Pramod Kumar)

Architect/ designing/ CAD

drawing etc.

Aluminium windows, Ply,

commercial wood

In this example, the promoter has procured 80 per cent. of goods and services including cement from a GST registered person. However, he has procured paints, aluminum windows, ply and commercial wood etc. from an unregistered supplier. Hence at the end of financial year, the promoter is not

Sl. No.	Name of input goods and services	Percentage of input goods and services received during the financial year	Whether inputs procured from registered supplier? (Y/ N)
1	Sand	10	N
2	Cement	15	N
3	Steel	15	Y
4	Bricks	10	Y
5	Flooring tiles	10	Y
6	Paints	5	Y
7	Architect/ designing/ CAD drawing etc.	10	Y
8	Aluminium windows	15	N
9	Ply, commercial wood	10	N

In this example, the promoter has procured 50 per cent. of goods and services from a GST registered person. However, he has procured sand, cement and aluminum windows, ply and commercial wood etc. from an unregistered supplier. Thus, value of goods and services procured from registered suppliers during a financial year falls short of threshold limit of 80 per cent. To fulfill his tax liability on the shortfall of 30 per cent. from mandatory purchase, the promoter has to pay GST on cement at the applicable rate on reverse charge basis. After payment of GST on cement, on the remaining

st th

Annexure IV

FORM

(Form for exercising one time option to pay tax on construction of apartments in a project by the promoters at the rate as specified for item (ie) or (if), against serial number 3 in the Table in this notification, as the case may be, by the 10 of May, 2019)

Reference No. ___________________ Date ____________ To ____________________

____________________

(To be addressed to the jurisdictional Commissioner)

GSTIN:
RERA registration Number of the Project:
Name of the project, if any:
The location details of the project, with clear demarcation of land dedicated for the project along with its boundaries including the longitude and latitude of the end points of the project:
The number, type and the carpet area of apartments for booking or sale in the project: 6. Date of receipt of commencement certificate:

Declaration

1. I hereby exercise the option to pay tax on construction of apartments in the above mentioned project as under :

I shall pay tax on construction of the

apartments:

(put (√) in appropriate box)

At the rate as specified for item (ie) or (if), against serial number 3 in the Table in this notification, as the case

may be

At the rate as specified for item (i) or (ia) or (ib) or (ic) or (id), against serial number 3 in the Table in this notification, as the case may be

I understand that this is a onetime option, which once exercised, shall not be allowed to be changed.
I also understand that invoices for supply of the service can be issued during the period from 1 April 2019 to 10 May 2019 before exercising the option, but such invoices shall be in accordance with the option being exercised herein.

Signature ___________________

Name _______________________

Designation _________________

Place __________________

Date __________________

84-3-2019 Rate

AUTHOR: admin

RECOMMENDED FOR YOU