Classification of classes of registered person w.r.t. Promoter , w.e.f 01-4-2019

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.... is expedient so to do in public interest; NOW, THEREFORE, In exercise of the powers conferred by section 148 of the Uttarakhand Goods and Services Tax Act, 2017 (Act no. 06 of 2017), on the recommendations of the Council, the Governor is pleased to allow to notify the following classes of registered persons, namely :- (i) a promoter who receives development rights or Floor Space Index(FSI) (inc....

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....ment 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 charges or by any other name) paid by him for long term lease of land relatable to construction of resi....

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....oject" 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 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....