Seeks to notify, by exercising powers conferred under section 148 of WBGST Act, 2017, certain class of persons in whose case liability to pay tax shall arise on the date of issuance of completion certificate or on its first occupation, whichever is earlier.

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.... OF WEST BENGAL FINANCE DEPARTMENT REVENUE NOTIFICATION No. 555-F.T. Howrah, the 29th day of March, 2019. No. 6/2019-State Tax (Rate) In exercise of the powers conferred by section 148 of the West Bengal Goods and Services Tax Act, 2017 (West Ben. Act XXVIII of 2017), the Governor, on the recommendations of the Council, is pleased hereby to notify the following classes of registered person....

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....struction service of commercial or residential apartments in the project, for supply of development rights or FSI (including additional FSI); (b) the monetary consideration paid by him, for supply of development rights or FSI (including additional FSI) relatable to construction of residential apartments in project; (c) the upfront amount (called as premium, salami, cost, price, development cha....

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....e (Regulation and Development) Act, 2016 (16 of 2016); (iii) the term "project" shall mean a Real Estate Project (REP) or a Residential Real Estate Project (RREP); (iv) the term "Real Estate Project (REP)" shall have the same meaning as assigned to it in clause (zn) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);. (v) the term "Residential Real Estate Projec....