Development rights and long-term lease classified as supplies to promoters under amended Haryana GST notification, with new definitions. The notification inserts two Table entries: (i) services by any person by way of transfer of development rights or Floor Space Index (including additional FSI) for construction of a project by a promoter, recipient being the promoter; and (ii) long-term lease of land (30 years or more) by any person for construction of a project by a promoter, against upfront consideration and/or periodic rent, recipient being the promoter. It also adds definitions for apartment, promoter, project, REP, RREP, and FSI, and makes the amendments effective from April 1, 2019.
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Provisions expressly mentioned in the judgment/order text.
Development rights and long-term lease classified as supplies to promoters under amended Haryana GST notification, with new definitions.
The notification inserts two Table entries: (i) services by any person by way of transfer of development rights or Floor Space Index (including additional FSI) for construction of a project by a promoter, recipient being the promoter; and (ii) long-term lease of land (30 years or more) by any person for construction of a project by a promoter, against upfront consideration and/or periodic rent, recipient being the promoter. It also adds definitions for apartment, promoter, project, REP, RREP, and FSI, and makes the amendments effective from April 1, 2019.
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