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TMI BlogSeeks to notify certain services to be taxed under RCM under section 9(4) of MGST Act as recommended by Goods and Services Tax Council for real estate sectorX X X X Extracts X X X X X X X X Extracts X X X X ..... 30th March, 2019. NOTIFICATION Notification No. 07/2019-State Tax (Rate) MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017 No. GST-1019/C.R.48/Taxation 1. -In exercise of the powers conferred by sub-section (4) of section 9 of the Maharashtra Goods and Services Tax Act, 2017 (Mah. XLIII of 2017), the Government of Maharashtra, on the recommendations of the Council, hereby notifies t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, at items (i), (ia), (ib) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arashtra Government Gazette, Part IV-B, Extra-ordinary No. 182 dated 29th June, 2017, as amended. Promoter. 3 Capital goods falling under any chapter in the 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), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 2016); (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. 2. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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