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    <title>Seeks to amend notification No. 1137-F.T. dated 28.06.2017 so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector</title>
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    <description>Amendment expands the scope of services taxable under the Reverse Charge Mechanism to include transfers of development rights or Floor Space Index (including additional FSI) supplied for construction of a project by a promoter, and long term leases of land (30 years or more) where consideration is received as upfront amounts and/or periodic rent for construction of a project by a promoter; it adds explanatory definitions for apartment, promoter, project, Real Estate Project, Residential Real Estate Project, and floor space index (FSI).</description>
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    <pubDate>Fri, 29 Mar 2019 00:00:00 +0530</pubDate>
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      <title>Seeks to amend notification No. 1137-F.T. dated 28.06.2017 so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council for real estate sector</title>
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      <description>Amendment expands the scope of services taxable under the Reverse Charge Mechanism to include transfers of development rights or Floor Space Index (including additional FSI) supplied for construction of a project by a promoter, and long term leases of land (30 years or more) where consideration is received as upfront amounts and/or periodic rent for construction of a project by a promoter; it adds explanatory definitions for apartment, promoter, project, Real Estate Project, Residential Real Estate Project, and floor space index (FSI).</description>
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      <pubDate>Fri, 29 Mar 2019 00:00:00 +0530</pubDate>
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