Amendment in Notification No. 19873-FIN-CT1-TAX-0022/2017, dated the 29th June,2017

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....ted the 29th June,2017 published in the Extraordinary issue No.1144 of the Odisha Gazette, dated the 29th June,2017 bearing S.R.O. No. 306/2017 as amended from time to time, and the last such amendment in the notification of Government of Odisha, in the Finance Department No. 40954-FIN-CT1-TAX-0043/2017 dated the 31st December,2018 published in the Extraordinary issue No.2465 of the Odisha Gazette, dated the 31st December,2018 bearing S.R.O. No. 496/2018 namely:- In the said notification, - (i) in the opening paragraph, for the word, brackets and figures "sub-section (1) of Section 11" the word, brackets and figures ", sub-section (3) and sub-section (4) of Section 9, sub-section (1) of Section 11,sub-section (5) of Section 15 and Section....

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....ST payable on TDR or FSI (including additional FSI) or both for construction of the residential apartments in the project but for the exemption contained herein] x (carpet area of the residential apartments in the project which remain un-booked on the date of issuance of completion certificate or first occupation ÷ Total carpet area of the residential apartments in the project) Provided further that tax payable in terms of the first proviso hereinabove shall not exceed 0.5 per cent. of the value in case of affordable residential apartments and 2.5 per cent. of the value in case of residential apartments other than affordable residential apartments remaining un-booked on the date of issuance of completion certificate or first occupat....

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....id for long term lease of land, as is attributable to the residential apartments, which remain un-booked on the date of issuance of completion certificate, or first occupation of the project, as the case may be, in the following manner - [GST payable on upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable for long term lease of land for construction of the residential apartments in the project but for the exemption contained herein] x (carpet area of the residential apartments in the project which remain un- booked on the date of issuance of completion certificate or first occupation ÷ Total carpet area of the residential apartments in the project); Provided further that the tax ....

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....graph 3 relating to Explanation, after clause (iv), the following clause shall be inserted, namely:- "(v) The term "apartment" shall have the same meaning as assigned to it in clause (e) under section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2017). (vi) The term "affordable residential apartment" shall have the same meaning as assigned to it in the notification of Odisha, in the Finance Department No. 19869-FIN-CT1-TAX-0022/2017 dated the 29th June,2017 published in the Extraordinary issue No.1143 of the Odisha Gazette, dated the 29th June,2017 bearing S.R.O. No. 305/2017 as amended from time to time. (vii) The term "promoter" shall have the same meaning as assigned to it in clause (zk) under section 2 of the....