Notification, 2019

Text

Reproduced from the document India Code holds for this instrument. The Gazette prints Hindi and English side by side and this is the English; the Department's own PDF remains the authority.

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI

Notification No 03/2019- State Tax (Rate)

No. F.3 (64)/Fin (Rev-I)/2019-20/- In exercise of the powers conferred by sub-sections (1), Gyand (4) of section 9, sub-section (1) of section 11,sub-section (5) of section 15, sub- section (1) of section 16 and section 148 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lt. Governor of National Capital ‘Territory of Delhi, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of National Capital \ Territory of Delhi, in the Department of Finance ( Revenue-l), No.11/2017- State Tax (Rate), veiA dated the 30"June, 2017, published in the Gazetie of Delhi, Extraordinary, Part [V, vide “ov” number No.F.3(15 )/Fin(Rev-1)/2017-18/DS-V1/ 381, dated the 30" June, 2017, namely:- {n the said notification, -

(i) in the opening paragraph, ( (a) after the word. brackets and figures “conferred by sub-section (1),”, the word, brackets and figures “sub-section (3) and sub-section (4)” shall respectively be _——— _ (b) _ the word “and” after the words and figures “sub-section (5) of section 15” shall be substituted by the symbol “,”;

(c) after the word, brackets and figures “section (16)”, the words and figure “and section 148” shall be inserted;

(ii) in the Table, -

(a) against serial number 3, for item (i), and the entries relating thereto in column (3), (4) and (5), the following items and entries shall be substituted, namely, - Table Nees — @) (4) (5) |“) Construction of affordable residential Provided that the state tax at the rate apartments by a promoter in a Residential Real specified in column (4) shall be paid in Estate Project (herein after referred to as cash, that is, by debiting the electronic RREP) which commences on or afier 1" April, cash ledger only; 2019 or in an ongoing RREP in respect of which the promoter has not exercised option to | 0.75 Provided also that credit of input tax charged on goods and services used in | Pay State tax on construction of apartments at supplying the service has not been taken the rates as specified for item (ie) or (if) below, except to the extent as prescribed in as the case may be, in the manner prescribed Annexure I in the case of REP other than RREP and in Annexure II in the case of therein,intended for sale to a buyer, wholly or * ica RREP; jartly, except where the entire consideration (ait a dusle « WE AWS curak ehey Gotw wr, _ ran \ has been received afier issuance of completion = | certificate, where required, by the competent Provided also that the registered person authority or after its first occupation, shall pay, by debit in the electronic credit svltichever is eailieg ledger or electronic cash ledger, an ae ; csr Ne amount equivalent to the input tax credit (Provisions of Paragraph 2 of this notification attributable to construction in a project, shail apply for valuation of this service) time of supply of which is on or after 1" April, 2019, which shall be calculated in the manner as prescribed in’ the Annexure lin the case of REP other than RREP and in Annexure II in the case of RREP;

| Ga) Construction of residential apartments other than affordable residential apartments by 4 promoter in an RREP which commences on | or after 1° April, 2019 or in an ongoing RREP in respect of which the promoter has not exercised option to pay state construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be,in the manner prescribed therein, | 3.75 intended for sale to a buyer, wholly or partly, | except where the entire consideration has been after issuance of completion | certificate, where required, by the competent authority or after its first | whichever is earlier.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service)

(ib) Construction of commercial apartments (shops, offices, godowns ete.) by a promoter in tax on Provided also that where a registered person (landowner- promoter) who transfers development right or FSI (including additional FSI) to a promoter (developer- promoter) against consideration, wholly or partly, in the 4 form of construction of apartments, - received

(i) the developer- promoter shall pay tax occupation, on supply of construction of apartments to the —landowner- promoter, and

(ii) such landowner — promoter shall be cligible for credit of taxes charged an RREP which commences on or after I* April, 2019 or in an ongoing RREP in respect of which the promoter has not exercised option other than RREP, which commences on or | [after I" April, 2019 or in an ongoing REP | from him by the developer promoter towards the supply of construction of apartments by developer- promoter to lo pay state tax on construction of apartments him, provided the landowner- ; at the rates as specified for item (ie) or (if) Promoter further supplies such . apartments to his buyers before below, as the ase may be,in the Sea 3.75 issuance of completion certificate or | prescribed therein, intended for sale to a buyer, first occupation, whichever is earlier, wholly or partly, except where the entire and pays tax on the same which is not consideration has been received after issuance less than the amount of tax charged of completion certificate, where required, by from him on construction of such the competent authority or after its first apartments by the —_developer- s i a s promoter, occupation, whichever is earlier, (Provisions of paragraph 2 of this notification Explanation. - _ shall apply for valuation of this service) (i) “developer- promoter” is a promoter | (ic) Construction of affordable residential | who constructs or converts a building apartments by a promoter in a Real Estate into apartments or develops a plot for Project (herein after referred to as REP) | 0.75 sale,

(ii) “landowner- promoter” is a promoter other than RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) below, as the case may be,in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service) | (id) Construction of residential apartments other than affordable residential apartments by a promoter in a REP other than a RREP which commences on or after 1" April, 2019 or in an ongoing REP other than RREP in respect of which the promoter has not exercised option to pay state tax on construction of apartments at. the rates as specified for item (ie) or (if) below, as the case may be,in the manner prescribed therein, intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier, (Provisions of paragraph 2 of this notification shall apply for valuation of this service) who transfers the land or development rights or FSI to a developer- promoter for construction of apartments and ___ receives constructed apartments against such transferred rights and sells such apartments to his buyers independently.

Provided also that eighty percent of value of input and input services, [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor spirit, natural gas], used in supplying the service shall be received from registered supplier only;

Provided also that inputs and input services on which tax is paid on reverse charge basis shall be deemed to have been purchased from registered person;

Provided also that where value of input and input services received from registered suppliers during the financial year (or part of the financial year till the date of issuance of completion certificate or first occupation of the project, whichever is earlier)falls short of the said threshold of 80 per cent., State tax shall be paid by the promoter on value of input and input services comprising such shortfall at the rate of Nine percent on reverse charge basis and all the provisions of the Delhi Goods and Services Tax Act, 2017 (03 of 2017) shall apply to him as if he is the person liable for paying the tax in relation to the supply of such goods or services or both;

Provided also that notwithstanding anything contained herein above, where cement is received from an unregistered person, the promoter shall pay tax on supply of such cement at the applicable rates on reverse charge basis and all the provisions of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), shall apply to him as if he is the person liable for paying the tax in relation ‘to such supply of cement;

(Please refer to the illustrations in annexure III) Explanation. - 1.The promoter shall maintain project wise account of inward supplies from registered and unregistered supplier and calculate tax payments on the shortfall at the end of the financial year and shall submit the same in the prescribed form electronically on the common portal by end of the quarter following the financial year. The tax liability on the shortfall of inward supplies from unregistered person so determined shall be added to his output tax liability in the month not later than the month of June following the end of the financial year.

2. Notwithstanding anything contained in Explanation 1 above, tax on cement received from unregistered person shall be paid in the month in which cement is received.

3. Input Tax Credit not availed shall be reported every month by reporting the same as ineligible credit in GSTR-3B [Row No. 4 (D)(2)].

(ie) Construction of an apartment in an | ongoing project under any of the schemes specified in sub-item (b), sub-item (c), sub- item (d), sub-item (da) and sub-item (db) of

(d) and sub-item (da) of item (v); and sub-item

(c) of item (vi), against serial number 3 of the Table, in respect of which the promoter has exercised option to pay state tax on construction of apartments at the rates as specified for this item. | (Provisions of paragraph 2 of this notification Provided that in case of ongoing project, the registered person shall exercise one time option in the Form at Annexure IV to Pay state tax on construction of apartments in a project at the rates as specified for item (ie) or (if), as the case may be, by the 10" of May, 2019;

Provided also that where the option is not exercised in Form at annexure IV by the 10" of May, 2019, option to pay tax at the rates as applicable to item (i) or (ia) or (ib) or (ic) or (id) above, as the case may be, shall be deemed to have been exercised;

shall apply for valuation of this service)

(if) Construction of a complex, building, civil structure or a part thereof, including,-

(i) commercia! apartments (shops, offices, godowns etc.) by a promoter in a REP other than RREP,

(ii) residential apartments in an ongoing project, other than affordable residential apartments, in respect of which the promoter has exercised option to pay state tax on construction of apartments at the rates as specified for this item in the manner prescribed herein, but excluding supply by way of services specified at items (i), (ia), (ib), (ic), (id) and

(ie) above intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier.

Explanation. -For the removal of doubt, it is hereby clarified that, supply by way of services specified at items (i), (ia), (ib), (ic), (id) and

(ie) in column (3) shall attract state tax prescribed against them in column (4) subject to conditions specified against them in column

(5) and shall not be levied at the rate as specified under this entry.

(Provisions of paragraph 2 of this notification shall apply for valuation of this service Provided also that invoices for supply of the service can be issued during the period from 1* April 2019 to 10” May 2019 before exercising the option, but such invoices shall be in accordance with the option to be exercised.;

(b) against serial number 3, - a. item (ii) and the entries relating thereto in columns (3), (4) and (5) shall be omitted;

b. in item (iv) in column (3), -

(1) after the figures “2017”, the words, brackets, figures and letters “other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above” shall be inserted;

c. in item (v) in column (3), -

(1) after the figures “2017”, the words, brackets, figures and letters “other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above” shall be inserted;

. after item (v) and entries relating thereto in column (3), (4) and (5), the following items and entries shall be inserted, namely, -

(3) (4) (G)

(va) Composite supply of works contract as defined in clause (119) of section 2 of the Delhi Goods and Services Tax Act, 2017, other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above, supplied by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of affordable residential apartments covered by sub- clause (a) of clause (xvi) of paragraph 4 below, in a project which commences on or after 1" April, 2019, or in an ongoing project in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if), as the case may be, in the manner prescribed therein, Provided that carpet area of the affordable residential apartments in the entry in column

(3) relating to this item, is not less than 50 per cent, of the total carpet area of all the apartments in the project;

Provided also that for the purpose of determining whether the apartments at the time of supply of the service are affordable residential apartments covered by clause (a) of clause

(xvi) of paragraph 4 below or not, value of the apartments shall be the value of similar apartments —_ booked nearest to the date of signing of the contract for supply of the service specified in the entry in column

(3) relating to this item;

sub- Provided also that in case it finally turns out that the carpet area of the affordable residential apartments booked or sold before or after completion, for which — gross amount actually charged was forty five lakhs rupees or less and the actual carpet area was within the limits prescribed in sub- clause (a) of clause (xvi) of paragraph 4 below, was less than 50 per cent. of the total carpet area of all the apartments in the project, the recipient of the service, that is, the promoter shall be liable to pay such amount of tax on reverse charge basis as is equal to the difference between the tax payable on the service at the applicable rate but for the rate prescribed herein and the tax actually paid at the rate prescribed herein”;

e. in item (vi) in column (3), after the figures “2017”, the words, brackets, and figures “other than that covered by items (i), (ia), (ib), (ic), (id), (ie) and (if) above” shall be inserted’;

f. in item (xii) in column (3), for the entry, the following entry shall be substituted, namely: - “(xii) Construction services other than (i), (ia), (ib), (ic), (id), (ie), (if), (iii), (iv), Explanation. - For the removal of doubt, it is hereby clarified that, supply by way of services specified at items (i), (ia), (ib), (ic), (id), (ie) and (if) in column

(3) shall attract State tax prescribed against them in column (4) subject to conditions specified against them in column (5) and shall not be levied at the rate as specified under this entry.”;

(c) against serial number 16,in item (ii) in column (3), for the word, brackets and letters “sub-item (b), sub-item (c), sub-item (d), sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item(d) and sub-item (da)of item (v); and sub-item (c) of item (vi)”, the word, brackets figures and letters “ (i) (ia), (ib), (ic), (id), (ie) and (if)” shall be substituted;

(d) after serial number 38 in column (1) and the entries relating thereto in column (2), (3), (4) and (5) the following serial number and entries shall be inserted, namely: - Mi} @ (3) 4) (5) “39. | Chapter 99 | Supply of services other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FST (including additional FSI) by an unregistered person to a promoter for construction of a project on which tax is payable by the recipient of the services under sub- section 4 of section 9 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), as prescribed in notification

No. 07 / 2019- State Tax (Rate), dated the 9 22"! October, 2019, published in Gazette of Delhi vide No.F.3(74)/Fin(Rey-I)/2019- 20/DS-V1/498 dated the 22™ October Explanation. - This entry is to be taken to apply to all services which satisfy the conditions prescribed herein, even though they may be covered by a more specific chapter, section or heading elsewhere in this notification,

(iii) in paragraph 2,-

(a) for the words, brackets, letters and figures “sub-item (b), sub-item (c), sub-item (d), sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item (d) and sub-item (da) of item (v); and sub-item (c) of item (vi),” the word, brackets, letters and figures “ (i) (ia), (ib), (ic), (id), (ie) and (if)” shall be substituted;

(b) in the Explanation, after the words “this paragraph” the words “and paragraph 2A below” shall be inserted;

(iv) after paragraph 2, the following paragraph shall be inserted, namely, - “2A. Where a registered person transfers development right or FSI (including additional FSI) to a promoter against consideration, wholly or partly, in the form of construction of apartments, the value of construction service in respect of such apartments shall be deemed to be equal to the Total Amount charged for similar apartments in the project from the independent buyers, other than the person transferring the development right or FSI (including additional FSI), nearest to the date on which such development right or FSI (including additional FS) is transferred to the promoter, less the value of transfer of land, if any, as prescribed in paragraph 2 above.”

(v) in paragraph 4 relating to Explanation, after clause (xii), the following clauses shall be inserted, namely: - “(xiii) an apartment booked on or before the 31°* March, 2019 shall mean an apartment which meets all the following three conditions, namely- (a) part of supply of construction which has time of supply on or before the 31°' March, 2019 and (b) at least one instalment has been credited to the bank account of the registered person on or before the 31" March, 2019 and (c) an allotment letter or sale agreement or any other similar document evidencing booking of the apartment has been issued on or before the 31° March, 2019;

(xiv) the term “apartment” shall have the same meaning as assigned to it in clause (e) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);

(xv) the term “project” shall mean a Real Estate Project or a Residential Real Estate Project;

(xvi) the term “affordable residential apartment” shall mean, -

(a) a residential apartment in a project which commences on or after 1°" April, 2019, or in an ongoing project in respect of which the promoter has not exercised option in the prescribed form to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be, having carpet area not exceeding 60 square meter in metropolitan cities or 90 square meter in cities or towns other than metropolitan cities and for which the gross amount charged is not more than forty five lakhs rupees.

For the purpose of this clause, -

(i) Metropolitan cities are Bengaluru, Chennai, Delhi NCR (limited to Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon, Faridabad), Hyderabad, Kolkata and Mumbai (whole of MMR) with their respective geographical limits prescribed by an order issued by the Central or State Government in this regard;

(ii) Gross amount shall be the sum total of; - A. Consideration charged for the services specified at item (i) and (ic) in column (3) against sl. No. 3 in the Table;

B. Amount charged for the transfer of land or undivided share of land, as the case may be including by way of lease or sub lease; and C, Any other amount charged by the promoter from the buyer of the apartment including preferential locationcharges, development charges, parking charges, common facility charges etc.;

(b) an apartment being constructed in an ongoing project under any of the schemes specified in sub-item (b), sub-item (c), sub-item (d), sub-item (da) and sub-item (db) of item (iv); sub-item (b), sub-item (c), sub-item (d) and sub-item (da) of item (v); and sub-item (c) of item (vi), against serial number 3 of the Table above, in respect of which the promoter has not exercised option to pay state tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be.”

(xvii) the term “promoter” shall have the same meaning as assigned to it in in clause (zk) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);

(xviii) 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);

(xix) 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.

(xx) the term “ongoing project” shall mean a project which meets all the following conditions, namely-

(a) commencement certificate in respect of the project, where required to be issued by the competent authority, has been issued’ on or before 31° March, 2019, and it is certified by any of the following that construction of the project has started on or before 31° March, 2019:-

(i) an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972); or

(ii) a chartered engineer registered with the Institution of Engineers (India); or

(iil) a licensed surveyor of the respective local body of the city or town or village or development or planning authority.

(b) where commencement certificate in respect of the project, is not required to be issued by the competent authority, it is certified by any of the authorities specified in sub- clause (a) above that construction of the’ project has started on or before the 31 March, 2019;

(c) completion certificate has not been issued or first occupation of the projecthas not taken place on or before the 31 March, 2019;

(d) apartments being constructed under the project have been, partly or wholly, booked on or before the 31“ March, 2019.

Explanation.-For the purpose of sub- clause (a) and (b) above , construction of a project shall be considered to have started on or before the 31“ March, 2019, if the earthwork for site preparation for the project has been completed and excavation for foundation has started on or before the 31 March, 2019.

(xxi) "commencement certificate" means the commencement certificate or the building permit or the construction permit, by whatever name called issued by the competent authority to allow or permit the promoter to begin development works on an immovable property, as per the sanctioned plan;

(xxii) "development works" means the external development works and_ internal development works on immovable property;

(xxiii) "external development works" includes roads and road systems landscaping, water supply, seweage and drainage systems, electricity supply transformer, sub-station, solid waste management and disposal or any other work which may have to be executed in the periphery of, or outside, a project for its benefit, as may be provided under the local laws;

(xxiv) "internal development works" means roads, footpaths, water supply, sewers, drains, parks, tree planting, street lighting, provision for community buildings and for treatment and disposal of sewage and sullage water, solid waste management and disposal, water conservation, energy management, fire protection and fire safety requirements, social infrastructure such as educational health and other public amenities or any other work in a project for its benefit, as per sanctioned plans;

(xxv) the term "competent authority” as mentioned in definition of “commencement certificate” and “residential apartment” , means the local authority or any authority created or established under any law for the time being iri force by the Central Government or State Government or Union Territory Government, which exercises authority over land under its jurisdiction, and has powers to give permission for development of such immovable property,

(xxvi) The term “carpet area” shall have the same meaning assigned to it in clause (k) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016);

(xxvii) the term “Real Estate Regulatory Authority” shall mean the Authority established under sub- section (1) of section 20 (1) of the Real Estate (Regulation and Development) Act, 2016 (No. 16 of 2016) by the Central Government or State Government: (xxviii) “project which commences on or after I“ April, 2019” shall mean a project other than an ongoing project;

(xxix) “Residential apartment” shall mean an apartment intended for residential use as declared to the Real Estate Regulatory Authority or to competent authority;

(xxx) “Commercial apartment” shall mean an apartment other than a residential apartment;

(xxxi) “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° day of April, 2019. By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, No.F3(64)/Fin(Rev-1)/2019-20/DS-VU § 78 Dated: aff //o of 1 f Copy forwarded for information to:- 1 The Addl. Chief Secretary (Finance); Government of NCT of Delhi, Delhi Sachivalaya, Delhi

2. The Principal Secretary (GAD), Government of NCT of Delhi with the request to publish the notification in Delhi Gazette Part-IV (Extraordinary) in today’s date.

3. The Principal Secretary to the Hon'ble Lieutenant Governor, Delhi 4, The Additional Secretary to the Hon'ble Chief Minister, Government of NCT of Delhi, Delhi Sachivalaya, |.P Estate, New Delhi

5. The Secretary to Finance Minister, Govt. of NCT of Delhi, Delhi Sachivalaya, |.P. Estate, New Delhi 6 The P.A. to the Leader of Opposition, 29, Delhi. Legislative Assembly, Old : Secretariat, Delhi.

4 The Commissioner, State Tax, Delhi, Vyapar Bhawan, I.P. Estate, New Delhi. :

8. The Additional Secretary (Law), Government of NCT of Delhi, Delhi Sachivalaya, |.P. Estate, New Delhi

9. OSD to Chief Secretary, Government of NCT of Delhi, Delhi Sachivalaya, |.P. Estate, New Delhi.

10. Guard File.

11. Website.

Note: -The principal notification No. 11/2017 - State Tax (Rate), dated the 30" June, 2017 was published in the Gazette of Delhi, Extraordinary- IV, published vide No F.3(15)/Fin.(Rev-D/2017-18/DS-V1/381, dated the 30" June, 2017 and was last amended by notification No. 27/2018 - State Tax (Rate), dated 12% September,2019 vide no F.3(54)/Fin.(Rev-I)/2019-20/DS-V1/421 dated the 12" September, 2019. Real estate project (REP) other than Residential Real estate project (RREP) Input tax credit attributable to construction of residential portion in a real estate project (REP) other than residential real estate project (RREP), which has time of supply on or after 1*' April, 2019, shall be calculated project wise for all projects which commence on or after I“ April, 2019 or ongoing projects in respect of which the promoter has not exercised option to pay State tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be, in the prescribed manner, before the due date for furnishing of the return for the month of September following the end of financial year 2018-19, in the following manner:

1, Where % completion as_on 31 March, 2019 is not zero or where there is inventory in stock

(a) Input tax credit on inputs and input services attributable to construction of residential portion in a REP, which has time of supply on or after 1“ April, 2019, may be denoted as Tx. Tx shall be calculated as under:

Where,

(i) T is the total ITC availed (utilized or not) on inputs and input services used in construction of the REP from 1“ July, 2017 to 31" March, 2019 including transitional credit taken on 1* July, 2017;

(ii) Te is the eligible ITC attributable to (a) construction of commercial portion and

(b) construction of residential portion, in the REP which has time of supply on or before 31°' March, 2019;

(b) Te shall be calculated as under:

Where, - Te is the ITC attributable to construction of commercial portion in the REP, calculated as under:

Te =I * (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP) and Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31% March, 2019 and which shall be calculated as under, Where, - Fi= Carpet area of residential apartments in REP Total carpet area of commercial and residential apartments in the REP Total carpet area of residential apartment booked on or before 31° March, 2019 F,= Total carpet area of the residential apartment in REP Such Value of supply of construction of residential apartments booked on or before 31° March, 2019 which has time of supply on or before 31% March, 2019 F3= Total value of supply of construction of residential apartments booked on or before 31" March, 2019 (F3 is to account for percentage invoicing of booked residential apartments) Fq= 1 % Completion of construction as on 31° March, 2019 Illustration: where one- fifth (twenty percent) of the construction has been completed, F, shall be 100 + 20=5.

Explanation: “% Completion of construction as on 31" March, 2019” shall be the same as declared to the Real Estate Regulatory Authority in terms of section 4 and section 11 of Real Estate (Regulation and Development) Act, 2016 (16 of 2016) and where the same is not required to be declared to the Real Estate Regulatory Authority, it shall be got determined and certified by anarchitect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India). .

(c) A registered person shall have the option to calculate ‘Te’ in the manner prescribed below instead of the manner prescribed in (b) above,- Te shall be calculated as under:

Where, - Te is the ITC attributable to construction of commercial portion in the REP, calculated as under:

Te =T3 * (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP);

Wherein 13=T-(T1+T2) T1 =ITC attributable exclusively to construction of commercial portion in the REP T2=ITC attributable exclusively to constuction of residential portion in the REP and Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31.03.2019 and which shall be calculated as under, or

(d) The amounts ‘Tx’ and ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

(e) Where, Tx is positive, i.e. Te<T, the registered person shall pay, by debit in the electronic creart ledger or electronic cash ledger, an amount equal to the difference between T and Te. Such amount shall form part of the output tax liability of the registered person and the amount shall be furnished in FORM GST ITC- 03.

Explanation: The registered person may file an application in FORM GST DRC- 20, seeking extension of time for the payment of taxes or any amount due or for allowing payment of such taxes or amount in installments in accordance with the provisions of section 80. The commissioner may issue an order in FORM GST DRC- 21 allowing the taxable person further time to make payment and/or to pay the amount in such monthly installments, not exceeding twenty-four, as he may deem fit.

(f) Where Tx is negative, i.e. Te>T, the registered person shall be eligible to take ITC on goods and services received on or after 1* April, 2019 for construction of residential portion in the REP, for which he shall not otherwise be eligible, to the extent of difference between Te and T,

(g) The registered person may calculate Te and utilize credit to the extent of Tc for payment of tax on commercial apartments, till the complete accounting of Tx is carried out and submitted.

(b) | Where percentage completion is zero but ITC has been availed on goods and services received for the project on or prior to 31March, 2019, input tax credit attributable to construction of residential portion which has time of supply on or after 1“ April, 2019, shall be calculated and the amount equal to Tx shall be paid or taken credit of, as the case may be, as prescribed above, with the modification that percentage completion for calculation of F4 shall be taken as the percentage completion which, as certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India), can be achieved with the input services received and inputs in stock as on

2. Where % completion as_on 31st March, 2019 is zero_but invoicing has been done having time of supply before 31st March, 2019, and no input services or inputs have been received as on 31st March, 2019, “Te” shall be calculated as follows: -

(a) Input iax credit on inputs and input services attributable to construction of residential portion in a REP, which has time of supply on or before 31" March, 2019 may be denoted as Te which shall be calculated as under, Where, - Te is the ITC attributable to construction of commercial portion in the REP, calculated as under: .

Tc =Tn* (carpet area of commercial apartments in the REP/ total carpet area of commercial and residential apartments in the REP) and Tr is the ITC attributable to construction of residential portion in the REP which has time of supply on or before 31° March, 2019 and which shall be calculated as under, Where, - Tn= Tax paid on such inputs and input services on which ITC is available under the DGST Act, received in 2019-20 for construction of REP FI, F2 and F3 shall be the same as in para | above

(b) The registered person shall be eligible to take ITC on goods and services received on or after 1°' April, 2019 for construction of residential portion in the REP, for which he shall not otherwise be eligible, to the extent of the amount of Te.

(c) The amount ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

3. Notwithstanding anything contained in paragraph 1 or paragraph 2 above, Te shall be determined in the following situations as under:

(i) where percentage invoicing is more than the percentage completion and the difference between percentage invoicing (per cent. points) and the percentage completion (per cent. points) of construction is more than 25 percent. points; the value of percentage invoicing shall be deemed to be percentage completion plus 25 percent. points;

(ii) where the value of invoices issued on or prior to 31" March, 2019 exceeds the consideration actually received on or prior to 31" March, 2019 by more than 25 percent. of consideration actually received; the value of such invoices for the purpose of determination of percentage invoicing shall be deemed to be actual consideration received plus 25 percent. of the actual consideration received; and

(iii) where, the value of procurement of inputs and input services prior to 1° April, 2019 exceeds the value of actual consumption of the inputs and input services used in the percentage of construction completed as on 31“ March, 2019 by more than 25 percent. of value of actual consumption of inputs and input services, the jurisdictional commissioner or any other officer authorized in this regard may fix the Te based on actual per unit consumption of inputs and input services based on the documents duly certified by a chartered accountant or cost accountant submitted by the promoter in this regard, applying the accepted principles of accounting. Illustration 1:

Details of a REP (Res + Com) \__|No. of apartments inthe project = - 100 [ants | 2__|No. of residential apartments in the project 75__{units

3. [Carpet area of the residential apartment 70 {sqm 4 [Total carpet area of the residential apartments onze! 5250 [sqm 5__|\alue of each residential apartment 0.60 —_lerore 6 |Total value of the residential apartments C2265 45.00 _lerore 7_|No. of commercial apartments in the project 25 [units 8 [Carpet area of the commercial apartment 30__ [sqm 9 [Total carpet area of the commercial apartments CIC8 750 [sqm 10 [Total carpet area ofthe project (Resi + Com) C109 6000 [sqm HW Percentage completion as on 31.03.2019 [as declared to RERA or determined by chertered engineer] 20%

12. |No of residential apartments booked before transition 40 funits ~13_|Total carpet area of the residential apartments booked before transition ci2*G 2800 [sam 14 [Value of booked residential apartments cs*e2 24 [crore | 5. [Peroentage invoicing of booked residential apartments on or before 31,03 2019 a 20% _| 16 [Total value of supply of residential apartments having Lo.s. prior to transition Cl4* Cis 48 lorore 17_ [ITC to be reversed on transition, Tie T- Te Te="T x (carpet area of commercial apartments in the REP/ total carpet area é 20 | cFeommercie and residential apartments in the REP) Sleeve G25 ject 23 |F2 C13 /C4 0.533 25 (|F4 WCU 5 28_|ITC to be reversed on transition, Tx= T- Te c19-27 0.408 [evore * Note:

| The value of T at C19 has been estimated for illustration based on weighted average tax on inputs

2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T Illustration 2:

Details of a REP (Res + Com) [stn = z é 6 1_|No. oF apartments in the project 100 units 2. [No.of residential apartments in the project units 3 [Carpet area of the residential apartment sam 4 [Toul carpet area of the residential apartments O23 sqm 5_|value of each residential apartment crore 6 [Total value of the residential apartments C2" cs crore 7_|No. of commercial apartments in the project units 8 _ [Carpet area or tie commercial apartment sqm [9 Total carpet area of the commercial apartments C7#C8 sam 10 [Total carpet area of the project (Resi + Com) cAECo sqm 1 [Percentage completion (Pe) as on 31,03 2019 [as declared to RERA or |determined by chertered engineer] 12_|No of residential apartments booked before transition units 13 [Total carpet ares of the residential apartments booked before transition ccs 2800 [sqm Ld [Value of booked residential apartments cs*ci2 24 lerore '> Percentage invoicing of booked residential apartments on or before 31.03.2019 Y 16 |Total value of supply of residential apartments having L.0.s. prior to transition cl4 *Ci5 144 lerore 17_ [ITC to be reversed on transition, Tx=T- Te 19 | (*see notes below) 1__|erore Te= T x (carpet area of commercial apartments in the REP/ total carpet area of aan 20 {commercial and residential apartments in the REP) SUSE IB) Oa [pore [2 Tre Tx Fi x62 0 F3 x Fa | 29 | after application of cap on % invoicing vis-a-vis Pe 30_|% completion 20% [31 [% invoicing 60% 32_|% invoicing after application of cap(Pe + 25%) C11425% 45% 33 [Total value of supply of residential apartments having Los prior to transition C14*C32 10.80 lerore 34_[F3 after application of cap 33/14 045 35_|T= Tx Fl x F2 x F3 x Fé (after application of cap) cg * C22 * C23 #34 +025 | 1.05 _[erore 36_[Bligible ITC (e)To + Tr (after application of cap) 20+ 635 118 |erore 37_[IVC to be reversed / taken on transition, T= T- Te (after application of cap) C19-C36 0.18 — lerore 38_|Tx after application of cap on % invoicing vis-a-vis Pe and payment realisation 39_|% invoicing after application of cap(Pe + 25%) 45% 40 _[Total value of supply of residential apartments having Lo.s. prior to transition C33 1080 | crore 41 [Consideration received 8.00 crore 4g_ | Total value of supply of residential apartinents having 0.8. prior to transition surt2s%orber 1306 | cero |_"~_|after application of cap vis-a-vis consideration received 43_|F3 after application of both the eaps Caz /C14 0.42 | 44” [t= 1x FI x F2x F3 x Fé (after application of both the caps) C19 *C22 *C23*C43*C25|_0.97 45 _|Bligible ITC (Te)=Te + Tr (after application of both the caps) F 20+ C44 1.10) 46, |!TC to be reversed /taken on transition, Tx= T- Te (after application of both the sore caps) C19 - cas 0.10 * Note:

|. The value vi Tat C19 has been estimated for illustration based on weighted average tax on inputs.

2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or ‘commencemnt of project which is later and transitional credit taken under section 140 of CGST Act as value of T. Annexure Il Residential Real estate project (RREP) Input tax credit attributable to construction of residential and commercial portion in a Residential Real estate project (RREP), which has time of supply on or after 1* April, 2019, shall be calculated project wise for all projects which commence on or after 1* April, 2019 or ongoing projects in respect of which thé promoter has not exercised option to pay State tax on construction of apartments at the rates as specified for item (ie) or (if) against serial number 3, as the case may be, in the prescribed manner, before the due date for furnishing of the return for the month of September following the end of financial year 2018-19, in the following manner:

1 Where % completion _as_on 31“ March, 2019 is not zero or where there is inventory in stock

(a) Input tax credit on inputs and input services attributable to construction of residential and commercial portion in an RREP, which has time of supply on or after 1 April, 2019, may be denoted as Tx. Tx shall be calculated as under:

Where,

(i) T is the total ITC availed (utilized or not) on inputs and input services used in construction of the RREP from 1° July, 2017 to 31"March, 2019 including transitional credit taken on 1" July, 2017;

(ii) Te is the eligible ITC attributable to construction of commercial portion and construction of residential portion, in the RREP which has time of supply on or before 31March, 2019;

(b) Te shall be calculated as under:

Where, - F\= Carpet area of residential and commercial apartments in the RREP Total carpet area of apartments in the RREP (In case of a Residential Real Estate Project, value of “F1” shall be 1.) Total carpet area of residential and commercial apartment booked on or before 31“March, 2019 Total carpet area of the residential and commercial apartment in the

RREP

Such value of supply of construction of residential and commercial apartments booked on or before 31“March, 2019 which has time of supply on or before 31March, 2019 F3= Total value of supply of construction of residential and commercial apartments booked on or before 31 “March, 2019 (F3 is to account for percentage invoicing of booked residential apartments) Fa= 1 % Completion of construction as on 31“March, 2019 Illustration: where one- fifth (twenty percent) of the construction has been completed, Fa shall be 100 + 20 = 5.

Explanation: “% Completion of construction as on 31"March, 2019” shall be the same as declared to the Real Estate Regulatory Authority in terms of section 4 and section 11 of Real Estate (Regulation and Development) Act, 2016 and where the same is not required to be declared to the Real Estate Regulatory Authority, it shall be got determined and certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India).

(c) The amounts *Tx’ and ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

(d) Where, Tx is positive, ie. Te< T, the registered person shall pay, by debit in the electronic credit ledger or electronic cash ledger, an amount equal to the difference between T and Te. Such amount shall form part of the output tax liability of the registered person and the amount shall be furnished in FORM GST ITC- 03.

Explanation: The registered person may file an application in FORM GST DRC- 20, seeking extension of time for the payment of taxes or any amount due or for allowing payment of such taxes or amount in installments in accordance with the provisions of section 80. The commissioner may issue an order in FORM GST DRC- 21 allowing the taxable person further time to make payment and/or to pay the amount in such monthly installments, not exceeding twenty-four, as he may deem fit.

(e) Where, Tx is negative, i.e. Te>T, the registered person shall be eligible to take ITC on goods and services received on or after 1° April, 2019 for construction of the RREP, for which he shall not otherwise be eligible, to the extent of difference between Te and T.

(f) Where percentage completion is zero but ITC has been availed on goods and services received for the project on or prior to 31"'March, 2019, input tax credit attributable to construction of residential and commercial portion which has time of supply on or after 1° April, 2019, shall be calculated and the amount equal to Tx shall be paid or taken credit of, as the case may be, as prescribed above, with the modification that percentage completion for calculation of Fy shall be taken as the percentage completion which, as certified by an architect registered with the Council of Architecture constituted under the Architects Act, 1972 (20 of 1972) or a chartered engineer registered with the Institution of Engineers (India), can be achieved with the input services received and inputs in stock as on 2: Where % completion as on 31st March, 2019 is zero but invoicing has been done having time of supply before 3ist March, 2019, and no input services or inputs have been received as on 31st March, 2019, “Te” shall be calculated as follows: -

(a) Input tax credit on inputs and input services attributable to construction of residential and commercial portion in an RREP, which has time of supply on or before 31°March, 2019may be denoted as Te which shall be calculated as under, Where, - ‘Tn= Tax paid on such inputs and input services on which ITC is available under the DGST Act, received in 2019-20 for construction of residential and commercial apartments in the

RREP.

F1, F2 and F3 shall be the same as in para 1 above

(b) The registered person shall be eligible to take ITC on goods and services received on or after 1" April, 2019 for construction of residential or commercial portion in the RREP, for which he shall not otherwise be eligible, to the extent of the amount of Te.

(c) The amount ‘Te’ shall be computed separately for input tax credit of central tax, State tax, Union territory tax and integrated tax.

3. Notwithstanding anything contained in paragraph 1 or paragraph 2 above, Te shall be determined in the following situations as under:

(i) where percentage invoicing is more than the percentage completion and the difference between percentage invoicing (per cent. points) and the percentage completion (per cent. points) of construction is more than 25 percent. points; the value of percentage invoicing shall be deemed to be percentage completion plus 25 percent. points;

(ii) where the value of invoices issued on or prior to 31March, 2019 exceeds the consideration actually received on or prior to 31*March, 2019by more than 25 per cent. of consideration actually received; the value of such invoices for the purpose of determination of percentage invoicing shall be deemed to be actual consideration received plus 25 per cent. of the actual consideration received; and

(iii) where, the value of procurement of inputs and input services prior to 1" April, 2019 exceeds the value of actual consumption of the inputs and input services used in the percentage of construction completed as on 31°March, 2019 by more than 25 per cent. of value of actual consumption of inputs and input services, the Jurisdictional commissioner or any other officer authorized in this regard may fix the Te based on actual per unit consumption of inputs and input services based on the documents duly certified by a chartered accountant or cost accountant submitted by the promoter in this regard, applying the accepted principles of accounting. Illustration 1:

SINo Details of a residential real estate project (RREP) __|No. of apartments in the project 100 [units 2 _|No. of residential apartments in the project 100 _|units 3 [Carpet area of the residential apartment 70 {sqm 4 {Total carpet area of the residential apartments C2*C3 7000_|sqm 5___|value of each residential apartment 0.60 _|crore 6 |Percentage completion as on 31.03.2019 [as declared to RERA or determined by chertered engineer] 20% 7 _|No of apariiients booked before transition 80 [units 8 __|Total carpet area of the residential apartment booked before transition C3* cr 5600 _|sqm 9 |Value of’ booked residential apartments C5 *C7 48 |crore 10 |Percentage invoicing of booked residential apartments on or before 31.03.2019 20% 11 |Total value of supply of residential apartments having t.o.s. prior to transition C9 * C10 9.6 crore 12_|ITC to be reversed on transition, Tx= T- Te | 16 |F2 C8/ C4 08 17_|F3 _ cnicg 02 18 |r4 1/C6 5 |, The value of T at C14 has been estimated for illustration based on weighted average tax on inputs.

2. In actual practice, the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T. Illustration 2:

caps) i Details of a residential real estate project (RREP) A B é D 1_No. of apartments in the project 100 units 2__|No. of residential apartments in the project 100 {units

3. |Carpet area of the residential apartment 70 |sqm 4__|Total carpet area of the residential apartments 2 *C3 7000 _|sqm 5 _|value of each residential apartment 0.60 [crore 6 [Percentage completion as on 31.03.2019 fas declared to RERA or determined by Se |" _|chertered engineer] 7_|No of apartments booked before transition 80 [units 8 |Total carpet area of the residential apartment booked before transition C3+C7 3600 _|sqm |_9 [Value of booked residential apartments C5 e7 48 lorore 10 [Percentage invoicing of booked residential apartments on or before 31.03.2019 60% 11 [Total value of supply of residential apartments having 0.s, prior to transition c9* C10 28.8 |erore 12_|ITC to be reversed on transition, Tx= T- Te 14_|T(*see notes below) 1 [crore 1s [PL 1 16 _|F2 C8/C4 0.8 18 [Fa C6 3 20 _|ITC to be reversed on transition, Tx= T- Te C14- C19 =14 _ [erore 21_|Tx after application of cap on % invoicing vis-a-vis Pe 22_|% completion 20% 23 |% invoicing 60% 24 _|% invoicing after application of cap(Po + 25%) C6+25 % 45% 25 [Total value of supply of residential apartments having t,o... prior to transition co * C24 21.60 [crore 26 _|F3 after application of cap C25/C9, 0.45 28 _|ITC to be reversed / taken on transition, Tx= T- Te (after application of cap) C14 - C27 -0.80 _|erore 29 _|Tx after application of cap on % invoicing vis-a-vis Pc and payment realisation 30 _|% invoicing after application of cap(Pc + 25%) 45% 31_|Total value of supply of residential apartments having t.0.s. prior to transition 25 21.60 _|crore

33. | Total value of supply of residential apartments having to.s. prior to transition after 16 cc 25% 0 16Cr 20.00 are application of cap vis-a-vis consideration received 34__|F3 after application of both the caps C33/C9 0.42 yg |! TC to be reversed / taken on transition, Tx= T- Te (after application of both the erescss oer lea |. The value of T at C14 has been estimated for illustration based on weighted average tax on inputs.

2. In actual practi commencemnt of project which is later and transitional credit taken under section 140 of CGST Act’ as value of T, ., the registered person shall take ‘aggregate of ITC taken as declared in GSTR-3B of tax periods from 1.7.2017 or Illustration 1:

A promoter has procured following goods and services [other than capital goods and services by way of grant of development rights, long term lease of land or FSI] for construction of a residential real estate project during a financial year.

Annexure IIT Name of input goods and SL Percentage of input} Whether inputs received No. | services goods and __ services | from registered supplier? received during the (Y/N) financial year 1 Sand 10 ¥ | 2 | Cement 15 N 3 Steel 20 ¥ 4 Bricks 1S ¥ 6 _| Paints 5 ¥ 7 | Architect/ designing/ CAD 10 ¥ drawing ete.

8 Aluminium windows, Ply, Is Y | commercial wood In this example, the promoter has procured 80 per cent. of goods and services [other than services by way of grant of deveiopment rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSD), electricity, high speed diesel, motor spirit, natural gas], from a GST registered person. However, he has procured cement from an unregistered supplier. Hence at the end of financial year, the promoter has to pay GST on cement at the applicable rates on reverse charge basis.

Illustration 2:

A promoter has procured following goods and services [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor spirit, natural gas], for construction of a residential real estate project during a financial year. SL Name of input goods and / Percentage of input| Whether inputs received No. | services goods and __ services | from registered supplier? received during the (Y/N) | financial year | Sand 10 Y 2 Cement 15 Y (3 | Steel 20 Y 4 | Bricks 15 Y 5 Flooring tiles 10 ¥ [6 | Paints 5 N _| 7 _| Architect/ designing/ CAD 10 Y drawing ete.

commercial wood In this example, the promoter has procured 80 per cent. of goods and services including cement from a GST registered person. However, he has procured paints, aluminum windows, ply and commercial wood etc. from an unregistered supplier. Hence at the end of financial year, the promoter is not required to pay GST on inputs on reverse charge basis.

Illustration 3:

A promoter has procured following goods and services [other than services by way of grant of development rights, long term lease of land (against upfront payment in the form of premium, salami, development charges etc.) or FSI (including additional FSI), electricity, high speed diesel, motor spirit, natural gas], for construction of a residential real estate project during a financial year. Sl | Name of input goods and | Percentage. of input | Whether inputs procured No, | services goods and services | from registered supplier? received during the (Y/N) . financial year [2 | Cement 15 N 4 Steel 15 ¥ 4 _| Bricks 10 Y 6 | Paints _ 5 Y | drawing ete.

In this example, the promoter has procured 50 per cent. of goods and services from a GST registered person. However, he has procured sand, cement and aluminum windows, ply and commercial wood etc. from an unregistered supplier. Thus, value of goods and services procured from registered suppliers during a financial year falls short of threshold limit of 80 per cent. To fulfill his tax liability on the shortfall of 30 per cent. from mandatory purchase, the promoter has to pay GST on cement at the applicable rate on reverse charge basis. After payment of GST on cement, on the remaining shortfall of 15 per cent., the promoter shall pay tax @ 180949)” per cent. under RCM. Annexure IV

FORM

(Form for exercising one time option to pay tax on construction of apartments in a project by the promoters at the rate as specified for item Ge) or (if), against serial number 3 in the Table in this notification, as the case may be, by the 10" of May, 2019) Reference No. Date To (To be addressed to the jurisdictional Commissioner) GSTIN:

RERA registration Number of the Project:

Name of the project, if any:

The location details of the project, with clear demarcation of land dedicated for the project along with its boundaries including the longitude and latitude of the end points of the project: .

The number, type and the carpet area of apartments for booking or sale in the project:

6. Date of receipt of commencement certificate:

w r e wn Declaration i. | hereby exercise the option to pay tax on construction of apartments in the above mentioned project as under :

I shall pay tax on] At the rate as specified | At the rate as specified construction of the} for item (ie) or (if), | for item (i) or (ia) or (ib) apartments: against serial number 3| or (ic) or (id), against (put (Vv) in appropriate} in the Table in this | serial number 3 in the box) notification, as the case | Table in this notification, may be as the case may be L

2. | understand that this is a onetime option, which once exercised, shall not be allowed to be changed.

3. [also understand that invoices for supply of the service can be issued during the period from 1" April 2019 to 10" May 2019 before exercising the option, but such invoices shall be in accordance with the option being exercised herein. Signature Name Designation Place Date

Provisions this notification answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Delhi Goods and Services Tax Act, 2017