e- 92 83Ib CGS Fn} iY 24g (TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE-1) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE: NEW DELHI-110 002 No. F. 3(79)/Fin(Rev-1)/2019-20/DS-vi) “7 Dated: WS 7Y/ 7 L Notification No 06/2019- State Tax (Rate) No. F.3(79)/Fin(Rev-I)/2019-20/- In exercise of the powers conferred by section 148 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lt. Governor of National Capital Territory of Delhi, 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 3 or after 1 April, 2019 for construction of a project against consideration payable or paid by him, wholly or partly, ii the form of construction service of commercial or residential apartments in the project or in VY any other form including in cash;
) (ii) a promoter, who receives long term lease of land on or after 1* April, 2019 for construction of Dey residential apartments in a project against consideration payable or paid by him, in the form of upfront we amount (called as premium, salami, cost, price, development charges or by any other name), : :
p/. as the registered persons in whose case the liability to pay State tax on, - ppl the consideration paid by him in the form of construction service of commercial or residential apartments in the project, for supply of development rights or FSI (including additional FSD;
the monetary consideration paid by him, for supply of development rights or FSI (including additional FS!) (b) 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 project; and the supply of construction service by him against consideration in the form of development rights or FS!
a. (including additional FSI), - AXball 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 2 of 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);
G e \ (iii) the term “project” shall mean a Real Estate Project (REP) or a Residential Real Estate Project (RREP); a (iy) 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);.
(y) 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 the total carpet area of all the apartments in the REP.
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(vi) the term “floor space index (FSI)” shall mean the ratio of a building’s total floor area (gross floor area) 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 paid under reverse charge basis in accordance with notification No. 13/2017- State Tax (Rate), dated 30.06.2017 published in the Gazette of Delhi, Extraordinary, Part IV, vide number No. F.3(15)/Fin (Rev-I)/2017-18/DS-V1/379, dated the 30" June, 2017, as amended.
3. This notification shall come into force with effect from the 1“ day of April, 2019.
By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, Dy. Secretary VI (Finance) No. F. 3(79)/Kin(Rev-I)/2019-20/DS-VI/ 5 / 2. Dated: Gf lof f
10.
Te Copy forwarded for information to:- The Addl. Chief Secretary (Finance), Government of NCT of Delhi, Delhi Sachivalaya, Delhi.
The Principal Secretary (GAD), Government of NCT of Delhi with the request to publish the notification in Delhi Gazette Part-IV (Extraordinary) in today’s date.
The Principal Secretary to the Hon’ble Lieutenant Governor, Delhi The Additional Secretary to the Hon’ble Chief Minister, Government of NCT of Delhi, Delhi Sachivalaya, I.P Estate, New Delhi The Secretary to Finance Minister, Govt. of NCT of Delhi, Delhi Sachivalaya, I.P.
Estate, New Delhi The P.A. to the Leader of Opposition, 29, Delhi Legislative Assembly, Old Secretariat, Delhi.
The Commissioner, State Tax, Delhi, Vyapar Bhawan, I.P. Estate, New Delhi.
The Additional Secretary (Law), Government of NCT of Delhi, Delhi Sachivalaya, IP. Estate, New Delhi OSD to Chief Secretary, Government of NCT of Delhi, Delhi Sachivalaya, I.P. Estate, New Delhi.
Guard File.
Website.
(A.K. Singh) Dy. Secretary VI (Finance)