Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Jammu & Kashmir Amends GST Rules on Development Rights and Leases for Residential Projects; New Exemptions Defined.</h1> The Government of Jammu and Kashmir issued an amendment to Notification No. SRO-GST-12 dated 08-07-2017, effective from April 1, 2019. The amendment modifies tax provisions under the Jammu and Kashmir Goods and Services Tax Act, 2017, concerning the transfer of development rights and long-term leases for residential apartment projects. It includes new clauses detailing GST exemptions and tax liabilities for unsold residential apartments based on completion certificates or first occupation. Definitions for terms like 'apartment,' 'affordable residential apartment,' and 'promoter' are aligned with the Real Estate (Regulation and Development) Act, 2016.