TMI BlogTo notify certain class of persons by exercising powers conferred under section 148 of Jammu and Kashmir Goods and Services Tax Act, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... e 16th April, 2019. SRO-295. In exercise of the powers conferred by section 148 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 notifies the following classes of registered persons, namely :- (i) a promoter who receives development rights or Floor Space Index (FSI) (including add ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f development rights or FSI (inciuding additional FSI) ; (b) the monetary consideration paid by him, for supply of development rights or FSI (inciuding 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 rel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16 (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 (RREP) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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