CERTAIN AMENDMENTS TO THE NOTIFICATION ISSUED IN G.O.MS.No. 256, REVENUE (CT.II) DEPARTMENT, DATED. 29.06.2017 - G.O.Ms.No. 290

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<h1>Andhra Pradesh GST Act Amends Rules on Development Rights, FSI, and Land Leases Effective April 2019.</h1> The Government of Andhra Pradesh, under the Andhra Pradesh Goods and Services Tax Act, 2017, has issued amendments to a previous notification (G.O.Ms.No. 256, dated 29.06.2017) effective from April 1, 2019. The amendments introduce new entries related to services involving the transfer of development rights or Floor Space Index (FSI) and long-term land leases for construction projects by promoters. Definitions for terms such as 'apartment,' 'promoter,' 'project,' 'Real Estate Project (REP),' 'Residential Real Estate Project (RREP),' and 'Floor Space Index' are aligned with the Real Estate (Regulation and Development) Act, 2016.

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