Seeks to notify certain class of persons by exercising powers conferred under section 148 of KGST Act, 2017.

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....rcise of the powers conferred by section 148 of the Kerala State Goods and Services Tax Act, 2017 (20 of 2017) the Government of Kerala, on the recommendations of the Council, 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 after 1st April, 2019 for construction....

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.... (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 pro....

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...." 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 carpet area ....