In exercise of the powers conferred by sub-section (4) of section 9 of the Uttar Pradesh Goods and Services Tax Act, 2017 (U.P. Act no 1 of 2017), the Governor, on the recommendations of the Council, hereby notifies that the registered person specified in column (3) of the table below, shall in respect of supply of goods or services or both specified in column (2) of the Table below, received from an unregistered supplier shall pay tax on reverse charge basis as recipient of such goods or services or both:-
Table
Explanation. - For the purpose of this notification, -
(i) "Promoter" shall have the same meaning as assigned to it in Real Estate (Regulation and Development) Act, 2016;
(ii) "project" shall mean a real estate project (REP) or a residential real estate project (RREP);
(iii) "Real estate project" shall have the same meaning as assigned to it in the Real Estate (Regulation and Development) Act, 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% 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. This notification shall be deemed to have come into force with effect from the 1st day of April, 2019.
By Order,
(AIok Sinha)
Apar Mukhya Suchiv