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of <h1>Meghalaya GST Notification: Promoters Face Tax on Development Rights and Land Leases Effective April 1, 2019.</h1> The Government of Meghalaya, exercising powers under section 148 of the Meghalaya Goods and Services Tax Act, 2017, notifies certain classes of registered promoters. These include promoters acquiring development rights or floor space index (FSI) for construction projects after April 1, 2019, and those obtaining long-term land leases for residential projects. The liability to pay central tax arises upon the project's completion certificate issuance or first occupation, whichever is earlier. The notification specifies definitions for terms like 'apartment,' 'promoter,' 'project,' and 'floor space index,' and mandates reverse charge tax payment for specified services. This notification is effective from April 1, 2019.
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