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.

PUNJAB GOVT. GAZ. (EXTRA), JULY 23, 2019

(SRVN 1, 1941 SAKA)

PART III

GOVERNMENT OF PUNJAB

DEPARTMENT OF EXCISE AND TAXATION

(EXCISE AND TAXATION BRANCH-II)

NOTIFICATION

The 18th July, 2019

No. S.O.78/P.A.5/2017/Ss.9 and 15/Amd./2019.- In exercise of the powers conferred by sub-section (1) of section 9 and sub- section (5) of section 15 of the Punjab Goods and Services Tax Act, 2017 (Punjab Act No.5 of 2017), and all other powers enabling him in this behalf, the Governor of Punjab, on the recommendations of the Council, is pleased to make the following amendment in the Government of Punjab, Department of Excise and Taxation, Notification S.O.16/P.A.5/2017/S.9/2017, dated the 30th June, 2017, published in the Punjab Government Gazette (Extraordinary), Part III, dated the 30th June, 2017, namely:-

AMENDMENT

In the said notification, in Schedule III @ 9%, after serial number 452P, in column (1) and the entries relating thereto, the following serial number and entries shall be inserted, namely: - “452Q Any chapter Supply of any goods other than capital goods and cement falling under chapter heading 2523 in the first schedule to the Customs Tariff Act, 1975 (51 of 1975), by an unregistered person to a promoter for construction of the project on which tax is payable by the promoter as recipient of goods under sub- section 4 of section 9 of the Punjab Goods and Services Tax Act, 2017 (Punjab Act No.5 of 2017), as prescribed in notification No. S.O.70/P.A.5/ 2017/S.9/2019 dated the 06th June, 2019, published in Punjab Government (Extraordinary) Gazette, dated the 24th June, 2019 Explanation. For the purpose of this entry,–

(i) 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).

(ii) “project” shall mean a Real Estate Project (REP) or a Residential Real Estate Project (RREP).

(iii) the term “Real Estate Project (REP)” shall have the same meaning as assigned to it in in clause (zn) of section 2 of the

PUNJAB GOVT. GAZ. (EXTRA), JULY 23, 2019

(SRVN 1, 1941 SAKA) Real Estate (Regulation and Development) Act, 2016 (16 of

(iv) “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.

(v) This entry is to be taken to apply to all goods which satisfy the conditions prescribed herein, even though they may be covered by a more specific chapter/ heading/ sub heading or tariff item elsewhere in this notification."

2. This notification shall be deemed to have come into force on and with effect from 01st day of April, 2019.

M.P. SINGH,

Additional Chief Secretary-cum- Financial Commissioner (Taxation) to Government of Punjab, Department of Excise and Taxation.