CERTAIN AMENDMENTS TO THE NOTIFICATION ISSUED IN G.O.MS.No. 256, REVENUE (CT.II) DEPARTMENT, DATED. 29.06.2017 - G.O.Ms.No. 290 - Andhra Pradesh SGST

NOTIFICATIONS BY GOVERNMENT REVENUE DEPARTMENT (COMMERCIAL TAXES-II) CERTAIN AMENDMENTS TO THE NOTIFICATION ISSUED IN G.O.MS.No. 256, REVENUE (CT.II) DEPARTMENT, DATED. 29.06.2017 [G.O.Ms.No. 290, Revenue (Commercial Taxes-II), 29th April, 2019.] NOTIFICATION In exercise of the powers conferred by sub-section (3) of section 9 of the Andhra Pradesh Goods and Services Tax Act, 2017 ( Act No. 16 of 2017), the Government, on the recommendations of the Goods and Services Tax Council, hereby makes the following further amendments to the notification issued in G.O.Ms.No. 256, Revenue (CT.II) Department, Dated. 29.06.2017-, namely:- 2. This notification shall be deemed to have come into force with effect on and from 1st April, 2019. AMENDMENTS In the said notification, - (i) in the Table, after serial number 5A and the entries relating thereto, the following serial number and entries shall be inserted, namely: - (1) (2) (3) (4) 5B Services supplied by any person by way of transfer of development rights or Floor Space Index (including additional FSI) for construction of a project by a promoter. Any person Promoter; 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 project by a promoter. Any person Promoter; (ii) in the Explanation, after clause (h), the following clause shall be inserted, namely: (i) The term apartment shall have the same meaning as assigned to it in clause(e) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (Act No.16 of 2016). (j) The term Promoter shall have the same meaning as assigned to it in clause (zk) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (Act No.16 of 2016). (k) the term project shall mean a real estate project (REP) or a residential real estate project (RREP); (l) The term Real estate project (REP) shall have the same meaning as assigned to it in clause (zn) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (Act No.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% of the total carpet area of all the apartments in the REP. (n) 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. Dr. D. SAMBASIVA RAO, Special Chief Secretary to Government.