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<h1>Himachal Pradesh GST Act: Promoters' Reverse Charge Tax on Development Rights, FSI, and Land Leases from April 2019.</h1> Under the Himachal Pradesh Goods and Services Tax Act, 2017, the Governor of Himachal Pradesh notifies certain registered persons, specifically promoters, regarding their tax liabilities. These include promoters receiving development rights or Floor Space Index (FSI) for construction projects on or after April 1, 2019, and those obtaining long-term land leases for residential projects. Tax liabilities arise upon project completion or first occupation, whichever is earlier. The notification mandates reverse charge tax payment for specified services, effective from April 1, 2019. Definitions align with the Real Estate (Regulation and Development) Act, 2016.