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<h1>Jammu & Kashmir Amends GST Rules: New Provisions for Development Rights, FSI Transfers, and Real Estate Definitions.</h1> The Government of Jammu and Kashmir issued an amendment to Notification No. SRO-GST-13 dated July 8, 2017, under the Jammu and Kashmir Goods and Services Tax Act, 2017. Effective from April 1, 2019, the amendment introduces new entries 5B and 5C in the table, covering services related to the transfer of development rights or Floor Space Index (FSI) and long-term land leases for construction projects by promoters. It also adds definitions for terms such as 'apartment,' 'promoter,' 'project,' 'Real Estate Project (REP),' 'Residential Real Estate Project (RREP),' and 'floor space index (FSI)' as per the Real Estate (Regulation and Development) Act, 2016.