Goods and Services Tax - Tamil Nadu Goods and Services Tax Act, 2017 - Construction Services - Certain class of registered persons in whose case the liability to pay state tax arises - Notification - Issued.

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....019 Panguni-15 Thiruvalluvar Aandu, 2050 NOTIFICATION In exercise of the powers conferred by section 148 of the Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of 2017), the Governor of Tamil Nadu, hereby notifies the following classes of registered persons, namely:- (i) a promoter who receives development rights or Floor Space Index (FSI) (including additional FSI) on or afte....

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.... 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 charges or by any other name) paid by him for long term lease of land relatable to construction of residential apartments in the ....

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....uot; 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 (Central Act 16 of 2016);. (v) the term "Residential Real Estate Project (RREP)" shall mean a REP in which the carp....