Bihar Government Extends the last date for exercising the option by promoters to pay tax in real estate sector

May 14, 2019 | by Avantis RegTech Legal Research Team

The State Government of Bihar on May 10, 2019, has made amendment in the Notification No. 11/2017- State Tax (Rate) dated June 29, 2017, regarding the rates for supply of services under Bihar Goods and Services Act, 2017, to extend the date till May 20, 2019, for exercising the one time to pay tax on construction of apartments in a project by the promoters at the rate as specified in items (ie) or (if).

In the notification:

i. In the Table, against serial number 3, in items (ie) and (if), in the entries in column (5), for the figures and letters “10th”, wherever they occur, the figures and letters “20th ” shall be substituted;

ii. In Annexure IV, for the figures and letters “10th”, at both the places where they occur, the figures and letters “20th” shall be substituted. 

[Notification No. 10/2019-State Tax (Rate)]

Click here to download the Notification.


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