The Ministry of Finance on 2nd June 2021 has clarified that the registered person who shall pay integrated tax on supply of construction service by him against consideration in the form of development rights or FSI, in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority, or the date of its first occupation, whichever is earlier.
Himachal Pradesh Enacts VAT Amendment Act for Tax Reforms
The Himachal Pradesh VAT Amendment Act, 2024 updates payment, appeal, and enforcement processes to improve VAT administration and enhance compliance