Reverse charge mechanism: promoters must pay GST on specified shortfall supplies received from unregistered suppliers.
Notification under section 9(4) of the Rajasthan GST Act notifies that where a promoter receives from an unregistered supplier supplies constituting the shortfall from the minimum purchase value required for construction of a project, or cement (chapter 2523) constituting such shortfall, or specified capital goods supplied to a promoter for projects taxed at prescribed rates, the promoter shall pay tax on a reverse charge basis; defined terms for promoter, REP and RREP are adopted from the Real Estate (Regulation and Development) Act, 2016, and the notification is effective 1 April 2019.

Liability to pay state tax on development rights and FSI arises on completion certificate or first occupation.
The notification designates promoters who receive development rights or FSI, or long term lease of land for residential construction, as registered persons liable to pay state tax on consideration paid in the form of construction services, monetary consideration for development rights/FSI, upfront lease amounts, and the promoter's supply of construction services against development rights/FSI. The tax liability arises on the earlier of issuance of the completion certificate by the competent authority or first occupation. Definitions are drawn from the Real Estate (Regulation and Development) Act; reverse charge applicability for covered services is maintained as per the earlier notification.

GST exemption for transfer of development rights and lease premiums, with reverse charge tax for unbooked residential units.
Amendments exempt from GST the proportion of value of TDR/FSI transfers and upfront long term lease premiums attributable to residential apartments in a project, calculated by the ratio of residential carpet area to total project carpet area, with promoters liable under reverse charge for proportions of such inputs attributable to apartments that remain un booked on completion or first occupation. Value for transfers and un booked apartments is deemed equal to similar apartments sold to independent buyers near the relevant date; definitions and effective date are provided.

Corrigendum corrects central tax notification clause numbering, replacing (iii) with (c) and (iv) with (d).
Corrigendum directs textual corrections in Notification No. 10/2019-Central Tax (7 March 2019): replace the parenthetical marker "(iii)" with "(c)" and replace "(iv)" with "(d)" in the published Gazette entry, confined to correcting clause references without altering substantive provisions.

Import restriction on pigeon peas: annual quota imposed with exemption for government bilateral agreements, effective from April
Imports of Pigeon Peas (Cajanus cajan)/Toor Dal are designated restricted and made subject to an annual quota, to be administered under procedures to be notified by the Directorate General of Foreign Trade; the restriction excludes Government import commitments under bilateral or regional agreements or memoranda of understanding and is effective from 1 April, 2019.

Import quota imposed on Urad imports, subject to DGFT procedure and exceptions for government agreement commitments.
Imports of Urad (beans of Vigna radiata) under Chapter 7 are regulated by an annual fiscal year quota administered pursuant to procedures to be notified by the Directorate General of Foreign Trade; the quota restriction excludes Government import commitments under bilateral or regional agreements and memoranda of understanding.

Import quota for peas revised to permit licensed imports under DGFT procedure for a specified annual allocation.
Amendment revises import policy for peas (Exim Code 0713 1000) to maintain a restricted status but allow licensed imports against a total annual quantity, to be allocated and administered as per the procedure to be notified by the Directorate General of Foreign Trade, effective from 1 April, 2019.

Import restriction on moong beans: subject to an annual quota and DGFT procedure; exceptions for government agreements.
Import restriction on Moong (Vigna mungo) beans is imposed by amending Schedule 1: imports are subject to an annual fiscal year quota of 1.5 lakh MT, with allocation and procedural rules to be notified by the Directorate General of Foreign Trade; the restriction excludes Government import commitments under bilateral or regional agreements or memoranda of understanding and takes effect on publication in the Official Gazette.

Registration requirement: incorporation filings must include AGILE e form to initiate GSTIN, EPFO and ESIC registrations.
The amendment requires that incorporation applications under the Companies (Incorporation) Rules, 2014 be accompanied by the AGILE (INC-35) e form as part of the SPICE process to apply concurrently for GSTIN, EPFO and ESIC registrations. Form INC-35 collects business and establishment details, principal place of business proof, director and authorized signatory information, declarations, and attachments, and mandates digital signing and verification to initiate tax and social security registrations through the incorporation filing.

Input tax credit adjustment: registered taxpayers opting composition must pay equivalent ITC from electronic ledger before switching.
Registered persons who have availed input tax credit and opt to pay tax under this notification must debit their electronic credit ledger or electronic cash ledger an amount equal to input tax credit on inputs in stock, inputs in semi finished or finished goods in stock, and on capital goods as if the reversal provision for input tax credit applied; after such payment any remaining input tax credit balance shall lapse. The Rajasthan GST Rules, 2017 applicable to taxpayers under the composition provision shall, mutatis mutandis, apply to persons paying under this notification.

Transfer of development rights and long term land lease clarified as supplies to promoters, with defined project and promoter terms.
The notification inserts entries treating transfer of development rights or Floor Space Index and long term leases of land (30 years or more) for construction of a project as supplies by any person to the promoter. It prescribes that consideration for long term leases may include an upfront amount and/or periodic rent. The amendment adds definitions: "apartment", "promoter", "project" (REP or RREP), REP and RREP criteria, and defines "floor space index (FSI)" as gross floor area ratio to land. The notification is effective from the commencement date specified in the instrument.

Taxation of real estate construction: revised GST rates, ITC transition formulas and reverse charge obligations for promoters.
Amendment revises Rajasthan GST treatment of construction services by defining project categories (REP, RREP, ongoing project, affordable apartment), setting distinct tax rates and conditional rate options, and prescribing project wise transition rules for input tax credit allocation (Tx = T - Te). It mandates maintenance of project wise inward supply records, an 80% procurement threshold from registered suppliers (with reverse charge on shortfall and specific reverse charge on cement from unregistered suppliers), and a one time option procedure for promoters to elect specified tax rates for ongoing projects, with prescribed reporting, payment and filing mechanisms.

Real estate GST input tax credit rules updated for project-wise apportionment, E/F calculation and reversal timelines.
Rules 42 and 43 (effective 1 April 2019) require project-wise calculation and final reconciliation of common input tax credit for construction services under clause (b) of paragraph 5 of Schedule II. Aggregated carpet area values E and F determine apportionment; provisional common credits (C3aggregate_comm) and final credits (C3final_comm, Tefinal) are computed by prescribed formulas. Excess declared credit must be reversed in FORM GSTR-3B or FORM GST DRC-03 by the September following project completion or first occupation, with interest from 1 April of the succeeding year; shortfalls may be claimed as credit in that period. Assignment rules apply where inputs or capital goods serve multiple projects.

Input tax credit adjustment required when a registered person opts into the composition notification; balance credits lapse after payment.
A registered person who has availed input tax credit and opts to pay tax under this notification must debit the electronic credit or cash ledger an amount equivalent to input tax credit on inputs in stock, inputs in semi finished or finished goods in stock, and on capital goods, treating the supply as subject to the credit reversal mechanism; after such payment any remaining input tax credit in the electronic credit ledger shall lapse.

Supply of goods to promoter: GST liability shifts to promoter as recipient for supplies from unregistered persons.
A new Schedule entry renders supply of goods by an unregistered person to a promoter taxable where the promoter is liable to pay tax as recipient; it excludes capital goods and specific cement, applies to goods used in construction of a REP or RREP, and incorporates definitions of "promoter", "project", "REP" and "RREP" from the Real Estate (Regulation and Development) Act, with a provision that the entry applies even if goods fall under more specific tariff headings.

Reverse charge liability: promoter must pay tax for specified supplies from unregistered suppliers in real estate projects.
The State notifies that a registered promoter shall pay tax on a reverse charge basis for supplies received from unregistered suppliers consisting of: (a) goods or services constituting the shortfall from the minimum purchases required for construction of a project as prescribed in the relevant State Tax (Rate) notification, (b) cement falling under the specified Customs Tariff heading that constitutes such shortfall, and (c) capital goods supplied to a promoter for construction of a project on which tax is payable at the prescribed rates.

Tax liability on development rights arises on completion certificate or first occupation for promoters receiving FSI or long-term lease.
The notification designates promoters who receive development rights/FSI or long term leases on or after 1 April 2019 as registered persons liable for State tax where consideration is paid in construction services or monetary terms. The liability to pay State tax for construction services provided as consideration for development rights/FSI, monetary consideration for development rights/FSI relatable to residential construction, upfront lease amounts for long term leases relatable to residential construction, and construction supplied against development rights/FSI, arises on the earlier of issuance of the completion certificate (where required) or first occupation. Tax on specified services is payable under the reverse charge mechanism; definitions are tied to the Real Estate (Regulation and Development) Act. The notification takes effect from 1 April 2019.

Taxability of development rights and long term land leases: state GST applies when supplied for promoter construction projects.
The notification adds two taxable services: transfer of development rights or FSI (including additional FSI) supplied for construction of a project by a promoter; and long term lease of land (30 years or more) for construction of a project by a promoter where consideration is upfront and/or periodic. Both list the supplier as any person and recipient as promoter. New definitions adopt terms from the Real Estate (Regulation and Development) Act, 2016, including apartment, promoter, project (REP and RREP) and floor space index (FSI).

Input tax credit apportionment clarified: construction service credit allocated by taxable versus exempt area of the structure.
Input tax credit for services covered by clause (b) of paragraph 5 of Schedule II shall be apportioned between taxable (including zero-rated) and exempt supplies by reference to the area of the complex, building, civil structure or part thereof which is taxable and the area which is exempt, such apportionment implementing the restriction on input tax credit prescribed under the Act.

Input tax credit apportionment: project-level finalisation requires reversals or claims using prescribed forms within set timelines.
The amendment defines value of assets as entire business assets and prescribes project level mechanics for ITC apportionment in construction services: compute E/F using carpet areas, finalise ITC on completion or first occupation, reverse excess provisional credits or claim shortfalls via FORM GSTR 3B or FORM GST DRC 03 within prescribed timelines, assign shared inputs on a reasonable basis, and follow special rules for commercial portions and transitioned RREPs. It also prescribes the order of utilisation of ITC and substitutes multiple assessment and demand forms with mandated electronic summaries.