[TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 06/2019- Union Territory Tax (Rate)
New Delhi, the 29th March, 2019
G.S.R……(E).- In exercise of the powers conferred by clause (xxvii) of section 21 of theUnion Territory Goods and Services Tax Act, 2017 (14 of 2017) read with section 148 of theCentral Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on therecommendations of the Council, hereby notifiesthe 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 of a project against consideration payable or paid by him, wholly or partly, in the form of construction service of commercial or residential apartments in the project or in any other formincluding in cash;
(ii) a promoter, who receives long term lease of land on or after 1
st April, 2019 forconstruction of residential apartments in a project against consideration payable or paidby him, in the form of upfront amount (called as premium, salami, cost, price, developmentcharges or by any other name),
as the registered persons in whose case the liability to pay Union Territory tax on, –
(a) the consideration paid by him in the form of construction service of commercial orresidential apartments in the project, for supply of development rights or FSI (includingadditional FSI);
(b) the monetary consideration paid by him, for supply of development rights or FSI (includingadditional FSI) relatable to construction of residential apartments in project;
(c) the upfront amount (called as premium, salami, cost, price, development charges or by anyother name) paid by him for long term lease of land relatable to construction of residentialapartments in the project; and
(d) the supply of construction service by him against consideration in the form of developmentrights or FSI(including additional FSI), -shall arise on the date of issuance of completion certificate for the project, where required, by
the competent authority or on its first occupation, whichever is earlier.
2. Explanation:- For the purpose of this notification,-
(i) The term “apartment” shall have the same meaning as assigned to it in clause (e) of section 2of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);
(ii) the term “promoter” shall have the same meaning as assigned to it in in clause (zk) of section
2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);
(iii) the term “project” shall mean a Real Estate Project (REP) or a Residential Real EstateProject (RREP);
(iv) the term “Real Estate Project (REP)” shall have the same meaning as assigned to it in inclause (zn) of section 2 of the Real Estate (Regulation andDevelopment) Act, 2016 (16 of2016);.
(v) the term “Residential Real Estate Project (RREP)” shall mean a REP in which the carpet areaof the commercial apartments is not more than 15 per cent. ofthe total carpet area of all theapartments in the REP.
(vi) “floor space index (FSI)” shall mean the ratio of a building’s total floor area (gross floorarea) to the size of the piece of land upon which it is built;
(vii) Tax on services covered by sub-para (i) and (ii) of paragraph 1 above is required to be paidunder reverse charge basis in accordance with notification No. 13/2017- Union Territory Tax(Rate), dated 28.06.2017 published in the Gazette of India, Extraordinary, Part II, Section 3,Sub-section (i), vide GSR No. 704 (E), dated 28.06.2017, as amended.
3. This notification shall come into force with effect from the 1st day of April, 2019.
Deputy Secretary to the Government of India