EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 656 CUTTACK, SATURDAY, MARCH 30, 2019/CHAITRA 9, 1941

FINANCE DEPARTMENT

NOTIFICATION

The 30th March, 2019

S.R.O. No.122/2019— In exercise of the powers conferred by sub-section (3) of Section

9 of the Odisha Goods and Services Tax Act, 2017 (Odisha Act 7 of 2017), the State Government,

on the recommendations of the Goods and Services Tax Council, hereby make the following further

amendments in the notification of the Government of Odisha, in the Finance Department No. 19877-

FIN-CT1-TAX-0022/2017, dated the 29^th June,2017 published in the Extraordinary issue No.1145 of

the Odisha Gazette, dated the 29^th June,2017 bearing S.R.O. No. 307/2017, as amended from time to

time, and the last such amendment is in the notification of Government of Odisha, in the Finance

Department No. 40958-FIN-CT1-TAX-0043/2017, dated the 31^st December,2018 published in the

Extraordinary issue No.2466 of the Odisha Gazette, dated the 31^st December,2018 bearing S.R.O. No.

496/2018 namely:—

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 (FSI)

(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 a project by

a promoter.

Any person

Promoter.”;

2

(ii) in the Explanation, after clause (h), the following clauses shall be inserted, namely:—

“(i) The term “apartment” shall have the same meaning as assigned to it in clause (e)

under section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of

2017).

(j) the term “promoter” shall have the same meaning as assigned to it in clause (zk)

under section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of

2017).

(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 in clause (zn) of Section 2 of the Real Estate (Regulation and Development) Act,

2016 (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 per cent. of the total

carpet area of all the apartments in the REP.

(n) “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 come into force with effect from the 1^st of April, 2019.

[No.11246 – FIN-CT1-TAX-0043/2017/FIN.]

By Order of the Governor

SAUMYAJIT ROUT

Deputy Secretary to the Government

Printed and published by the Director, Printing, Stationery and Publication, Odisha, Cuttack-10

Ex. Gaz. 2607-173+300