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<h1>Delhi State Tax Update: New GST Rules for Development Rights and Residential Leases Effective April 2019.</h1> The notification amends the Delhi State Tax (Rate) Notification No. 12/2017, effective from April 1, 2019. It updates tax provisions related to the transfer of development rights (TDR) or Floor Space Index (FSI) and long-term leases for residential apartment construction. The amendments specify GST exemptions and liabilities for promoters, particularly concerning unbooked residential apartments at project completion. Key definitions, including 'affordable residential apartment' and 'Real Estate Project,' align with the Real Estate (Regulation and Development) Act, 2016. The notification outlines the conditions under which tax is calculated and payable, emphasizing public interest and regulatory compliance.