TMI BlogSeeks to notify certain services to be taxed under RCM under section 9(4) of SGST Act as recommended by Goods and Services Tax Council for real estate sector.X X X X Extracts X X X X X X X X Extracts X X X X ..... 019(Part-II) Dated, Agartala, the 30 th March, 2019 Notification No. 07/2019-State Tax (Rate) In exercise of the powers conferred by sub-section (4) of section 9 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017), the State Government, on the recommendations of the Council, hereby notifies that the registered person specified in colum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... additional FSI)] which constitute the shortfall from the minimum value of goods or services or both required to be purchased by a promoter for construction of project, in a financial year (or part of the financial year till the date of issuance of completion certificate or first occupation, whichever is earlier) as prescribed in notification No. 11/ 2017- State Tax (Rate), dated 29th June, 2017, a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... zette vide number 231, dated 29th June, 2017, as amended. Promotor 3 Capital goods falling under any chapter in [he first schedule to the Customs Tariff Act, 1975 (51 of 1975) supplied to a promoter for construction of a project on which tax is payable or paid at the rate prescribed for items (i), (ia), (ib), (ic) and (id) agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (iv) 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. (v) 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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