TMI BlogNotify certain class of registered persons under OGST Act, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... (Odisha Act 7 of 2017), the State Government, on the recommendations of the Goods and Services Tax 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 of a project against consideration payable or paid by him, wholly or par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 project; and (d) the supply of construction service by him against consideration in the form of d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 area of the commercial apartments is not more than 15 per cent. of the total carpet area of all the apartments in the REP. (vi) the term floor space index(FS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed the 31 st December,2018 bearing S.R.O. No. 496/2018. 3. This notification shall come into force with effect from the 1st day of April, 2019. [No. 11238 FIN-CT1-TAX-0043/2017/FIN.] By Order of the Governor SAUMYAJIT ROUT Deputy Secretary to the Government - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM ..... X X X X Extracts X X X X X X X X Extracts X X X X
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