Amendment in Notification No. 526/2017/9(120) /XXVII(8)/2017dated 29th June, 2017

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..... Notification WHEREAS, the State Government is satisfied that it is expedient so to do in public interest; NOW, THEREFORE, In exercise of the powers conferred by sub-section (3) of section 9 of the Uttarakhand Goods and Services Tax Act, 2017 (Act No. 06 of 2017), on the recommendations of the Council, the Governor is pleased to allow to make the following .....

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..... er. 5C Long term lease of land (30 years or more) by any person against consideration in the form of upfront amount (called as premium, salami, cost, price, development charges or by any other name) and/or periodic rent for construction of a project by a promoter. Any person Promoter. , .....

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..... 2016 (16 of 2016), (m) 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 percent of the total carpet area of all the apartments in the REP. (n) 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 .....

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