Amendment in Notification No. SRO-GST-1 dated 08-07-2017 - SRO-303 - Jammu and Kashmir SGST

GOVERNMENT OF JAMMU AND KASHMIR CIVIL SECRETARIAT FINANCE DEPARTMENT Notification Jammu, the 23rd April, 2019 SRO-303. In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the State Government on the recommendations of the Council, hereby make the following further amendments in the SRO Notification No. SRO-GST-1 dated 08-07-2017 ; namely : In the said notification, in Schedule III-9%, after serial number 452P in column (1) and the entries relating thereto, the following serial number and entries shall be inserted, namely :- (1) (2) (3) 452Q Any chapter Supply of any goods other than capital goods and cement falling under chapter heading 2523 in the first schedule to the Customs Tariff Act, 1975 (51 of 1975), by an unregistered person to a promoter for construction of the project on which tax is payable by the promoter as recipient of goods under sub-section 4 of section 9 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), as prescribed in SRO Notification No. 291 dated 16-04-2019 issued by Finance Department, Government of Jammu and Kashmir. Explanation :-For the purpose of this entry, (i) the term promoter shall have the same meaning as assigned to it in clause (zk) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016). (ii) project shall mean a Real Estate Project (REP) or a Residential Real Estate Project (RREP). (iii) 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 (16 of 2016). (iv) Residential Real Estate Project (RREP) shall mean a REP in which the carpet area of the commercial apartment is not more than 15 per cent of the total carpet area of all the apartments in the REP. (v) This entry is to be taken to apply to all goods which satisfy the conditions prescribed herein, even though they may be covered by a more specific chapter/ heading/sub heading or tariff item elsewhere in this notification. This notification shall deemed to have come into force w. e. f. 1st day of April, 2019. By order of the Government of Jammu and Kashmir. (Sd.) DR. ARUN KUMAR MEHTA, IAS, Principal Secretary to Government, Finance Department.