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<h1>Uttar Pradesh SGST Act Update: New GST Rules for Development Rights, FSI, and Residential Leases Effective April 2019.</h1> The notification amends the Uttar Pradesh Goods and Services Tax (SGST) Act, 2017, effective from April 1, 2019. It modifies the provisions related to GST exemptions for services involving transfer of development rights or floor space index (FSI) and long-term leases for constructing residential apartments. The amendments introduce specific conditions and formulas for calculating GST exemptions and liabilities, particularly for unsold residential units at project completion. Definitions for terms like 'apartment,' 'affordable residential apartment,' and 'promoter' are aligned with the Real Estate (Regulation and Development) Act, 2016. The notification aims to clarify tax responsibilities and exemptions for real estate projects.