TMI BlogNotify the following classes of registered persons.X X X X Extracts X X X X X X X X Extracts X X X X ..... of the powers conferred by section 148 of the Punjab Goods and Services Tax Act, 2017 (Punjab Act No.5 of 2017), and all other powers enabling him in this behalf, the Governor of Punjab, on the recommendations of the Council, is pleased to notify the following classes of registered persons, namely:- (i) a promoter who receives development rights or Floor Space Index (FSI) (including addit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly of development rights or FSI (including additional FSI); (b) the monetary consideration paid by him, for supply of development rights or FSI (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 r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) Act, 2016 (16 of 2016); (iii) the term project shall mean a Real Estate Project (REP) or a Residential Real Estate Project (RREP); (iv) 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);. (v) the term Residential Real Estate Project ..... X X X X Extracts X X X X X X X X Extracts X X X X
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