Notifies the following classes of registered persons.

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..... ICATION In exercise of the powers conferred by section 148 of the Sikkim Goods and Services Tax Act, 2017 (9 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 FSI(including additional FSI) on or after 01.04.2019 for construction of a project .....

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..... he 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 relatable to construction of residential apartments in the project; and .....

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..... as assigned to it in the Real Estate (Regulation and Development) Act, 2016. (v) 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. (vi) Tax on services covered by sub-para (i) and (ii) of paragraph 1 above is required to be paid u .....

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