Summary of Amendments to Notification No. 15/2017 - Central Tax (Rate)

Notification Details: G.S.R. (E) Notification regarding amendments to the CGST Act, 2017. Refers to the amendment in the notification No. 15/2017 - Central Tax (Rate), dated 28th June 2017.

Amendments Introduced: Amendments are made in the opening paragraph of the notification. The changes replace the existing reference to "specified in sub-item (b) of item 5 of Schedule II of the Central Goods and Services Tax Act" with new wording related to the construction of a complex,

building, or a part thereof intended for sale to a buyer. The amendment specifies conditions where the amount charged from the recipient of service includes the value of land or undivided share of land, except when the entire consideration has been received after the issuance of completion certificate or after its first occupation, whichever is earlier.

Effective Date: The amendments come into effect from the 20th day of October, 2023.

Issuing Authority: The notification is issued by Rajeev Ranjan, Under Secretary to the Government of India.

Note on Principal Notification: Refers to the original notification No. 15/2017 - Central Tax (Rate), dated 28th June 2017.

These amendments focus on the opening paragraph of the notification, introducing changes in the language related to the construction of a complex, building, or part thereof intended for sale to a buyer.

The effective date for these amendments is October 20, 2023, and the note provides information about the principal notification.