To notify Promoters as class of persons under section 148 of GGST Act, 2017

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....rs conferred by section 148 of the Gujarat Goods and Services Tax Act, 2017 (Guj.25 of 2017), the Government of Gujarat, on the recommendations of the Council,hereby notifies the following classes of registered persons, namely:- (i) a promoter who receivesdevelopment rights or Floor Space Index(FSI) (including additional FSI) on or after 1st April, 2019for construction of a project agains....

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....sideration paid by him, for supply of development rights or FSI(including additional FSI)relatable to construction ofresidential apartments in project; (c) the upfront amount (called as premium, salami, cost, price, development charges or by any other name) paid by him for long term lease of land relatable to construction ofresidential apartments in the project; and (d) the suppl....

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....ntial 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 Project (RREP)" shall mean a REP in which the carpet area of the commercial apartments is not more than 15 per cent.of th....