Amendments in Notification No. 13/2017 - UTGST Act
Central Government introduces amendments to Notification No. 13/2017 under the UTGST Act.
New provisions cover services related to transfer of development rights and long-term land lease.
Promoters receiving development rights or FSI for construction are affected.
Long-term land leases of 30 years or more for project construction are included.
Definitions provided for terms like "apartment," "promoter," and "project" align with Real Estate Act.
Effective from April 1, 2019, enhancing clarity in taxation for real estate transactions.