In exercise of the powers conferred by sub section 1 of section 11 of the Delhi Goods and Services Tax Act

रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99 भारत सर कार GOVERNMENT OF INDIA एस.जी.-डी.एलxx.x-GअID.-H0x3xx0 62020-219692 SG-DLxx-ExG-0ID3E0x6x2x0 20-219692 असाधारण EXTRAORDINARY प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 95] दिल्ली, सोमवार,िनू 1 , 2020/ज्य ष्े ठ 11, 1942 [रा.रा.रा.क्ष.ेदि. स.ं 28 No. 95] DELHI, MONDAY, JUNE 1, 2020/JYAISHTHA 11, 1942 [N.C.T.D. No. 28 भाग IV PART IV राष्ट्रीय रािधानी राज्य क्षत्रे दिल्ली सरकार GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI I fnYyh] 1 twu] 2020 I VI —fnYyh eky ,oa lsokdj vf/kfu;e] 2017 ¼2017 dk 03½ dh /kkjk 11 dh mi&/kkjk ¼1½ ds rgr 'kfä;ksa dk ç;ksx djr s gq;s] jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky] bl ckr ls larq"V gksrs gq, fd ,slk djuk tufgr eas vko';d gS vkSj th,lVh ifj"kn dh flQkfj'kks a ds vk/kkj ij] ,rn}kjk] jk"Vªh; jkt/kkuh {ks= fnYyh ljdkj] foÙk foHkkx ¼jktLo&I½ dh vf/klwpuk la[;k-12/2017&jkT; dj ¼nj½] fnukad 30 twu] 2017] ftls la. Qk. 03¼15½/foÙk¼jkt0&I½/2017&18/Mh,l&VI/380] fnukad 30 twu] 2017 dks fnYyh ds jkti= vlk/kkj.k ds Hkkx&IV] eas çdkf'kr fd;k x;k Fkk] eas vkSj vkxs Hkh fuEufyf[kr la'kk/s ku djrs gSa] ;Fkk :— mä vf/klwpuk eas] & ¼i½ çkjfEHkd iSjkxzkQ eas] 'kCn] dks"Bd vkSj vad ^/kkjk 11 dh mi /kkjk ¼1½* ds LFkku ij 'kCn] dks"Bd vkSj vad ^/kkjk 9 dh mi/kkjk ¼3½ mi/kkjk ¼4½] /kkjk 11 dh mi/kkjk ¼1½] /kkjk 15 dh mi/kkjk ¼5½ vkSj /kkjk 148* dks çfrLFkkfir fd;k tk,xkA 2333 DG/2020 (1)[PART IV DELHI GAZETTE : EXTRAORDINARY 2 ¼ii½ lkj.kh es%a& ¼d½ Øe la- 41 çfof"V;ks a ds i'pkr fuEufyf[kr Øe la- vkSj çfof"V;ks a dks var% LFkkfir fd;k tk,xk%& (1) (2) (3) (4) (5) ^41d 'kh"kZd ml fLFkfr dks NksM+dj tgka fdlh l{ke çkf/kdkjh }kjk 'kwU; c'krZ s fd çeksVj MsoyiesVa jkbVl ;k 9972 iw.kZrk dk çek.ki= tkjh djus ds i'pkr] tgka Hkh ,Q,lvkbZ ¼vfrfjä ,Q,lvkbZ lesr½] t:jh gks ;k igy s dCts ds i'pkr] nksuksa e sa tks Hkh igy s ;k nksuksa ds ewy ds ,ls s vuiq kr ij fjolZ gks] lai.w kZ çfrQy dks çkIr dj fy;k x;k gks fdlh pktZ ds vk/kkj ij ykxw nj l s ml dj Øsrk dks iw.kZr;k va'krkfczdh fd, tkus ds vk'k; l s dk Hkqxrku djus dk nk;h gksxk tks fd fdlh çkstsDV es a fdlh çeksVj ds }kjk fd, tk jgs iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ vkoklh; vikVZesVa ds fuek.kZ dk; Z l s lacfa/kr ^MsoyiesVa ds tkjh gksus dh rkjh[k ;k çkstsDV ds jkbVl* ;k ,Q,lvkbZ ¼vfrfjä ,Q,lvkbZ lesr½ ds igy s dCts dh rkjh[k] tSlh fLFkfr gks varj.k ds ek/;e ls nh tkus okyh lsokA rd fcuk cqd fd, x, jgu s okys vkoklh; vikVZesVa ds ckj s es a tks n;s bl vf/klwpuk ds varxrZ çkstsDV es a vkoklh; vikVZesaV gksxk] bldh x.kuk fuEu rjhds l s dh ds fuekZ.k ds fy, miyC/k th,lVh l s NwV dh jkf'k tk;xs h%& dh x.kuk bl çdkj gksxh%& [eku yhft, ;gka NVw u nh xb Z gks [çkstsDV dk fuekZ.k dk;Z gsrq ¼VhMhvkj ;k ,Q,lvkbZ çkstsDV ds vkoklh; vikVZesVa ds fuekZ.k ¼vfrfjä ,Q,lvkbZ lesr½ ;k nksuksa ij Hkqxrku gsrq gsrq MsoyiesVa ds vf/kdkj dk varj.k ;k th,lVh] X¼çkstsDV ds vkoklh; vikVeZ sVa dk dkisVZ ,Q,lvkbZ ¼vfrfjä ,Q,lvkbZ lesr½ ,fj;k ÷ çkstsDV ds vkoklh; vkSj okf.kfT;d vikVeZ sVa ;k nksuksa ij Hkqxrku dh tkus okyh dk dqy dkisVZ ,fj;k½ th,lVh] X ¼çkstsDV ds mu vkoklh; vikVeZ sVa dk dkiVsZ ,fj;k tks fd iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ dks tkjh fd, tkus dh rkjh[k ;k igyk dCtk ysus dh rkjh[k dks fcuk cqd fd, x, iM+ s Fks ÷ çkstsDV ds vkoklh; vikVeZ sVa dk dqy dkisVZ ,fj;k½% c'krZ s vkSj Hkh fd ijarq igy s ds vulq kj Hkqxrku fd, tkus okyk dj ^,QksMsoZ y* vkoklh; vikVeZ sVa ds ewY; ds 0-5 çfr'kr vkSj mu vkoklh; vikVeZ sVa ds ewY; ds 2-5 çfr'kr l s vf/kd ugha gksxk tks fd ^,QksMsoZ y* vkoklh; vikVZeVsa l l s fHkUu gSa vkSj iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ ds tkjh gksus dh rkjh[k ;k çFke dCts s dh rkjh[k dks fcuk cqd fd, x, iM+ s gksAa MsoyiesVa jkbVl ;k ,Q,lvkbZ ;k nksuks a ds mä fgLl s ij Hkqxrku fd, tkus okys jkT; dj dh n;s rk] ftldh Åij x.kuk gqbZ gS] ml rkjh[k dks iSnk gksxh tks rkjh[k iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ ;k çkstsDV ds çFke dCts½] tSlh Hkh fLFkfr gks vkSj nksuksa esa tks Hkh igy s gks] gksxh 41ख 'kh"kZd ml fLFkfr dks NksM+dj tgka fd lai.w kZ çfrQy dks 'kwU; c'krsZ fd çeksVj nh?kZdkfyd Hkwfe ds iê s 9972 iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ dks l{ke ij n;s viÝaV jkf'k ¼ftls çhfe;e] çkf/kdkjh ds }kjk tkjh fd, tkus ds i'pkr] tgka ,slk lykeh] dkWLV] çkbl] MsoyiesVa pktZ ;k t:jh gks ;k çFke dCts dh rkjh[k ds ckn] nksuksa es a tks vU;~ fdlh Hkh uke ls tkuk tkrk gks½ ds Hkh igy s gks] çkIr dj fy;k x;k gks] fdlh Øsrk dks ,sls vuiq kr ij fjol Z pktZ ds vk/kkj ij iw.kZrk ;k va'krk fczdh fd, tkus ds mí's ; l s çeksVj ykxw nj l s ml dj dk Hkqxrku djus }kjk fd, tk jgs vkoklh; vikVZesVa ds lca af/kr fuekZ.k dk nk;h gksxk tks fd iw.kZrk çek.ki= gsrq 30 o"kZ ds nh?kZdkfyd ;k blls vf/kd ds ¼dEiyh'ku lVhZfQdsV½ ds tkjh gksus dh nh?kZdkfyd iês dks nds j çnku dh tkus okyh lsok ij rkjh[k ;k çkstsDV ds igy s dCts dh Hkqxrku fd, tkus okys ^viÝaV jkf'k ¼ftls çhfe;e] rkjh[k] tSlh fLFkfr gks rd fcuk cqd lykeh] dkWLV] çkbl] MsoyiesVa pktZ ;k vU; fdlh Hkh fd, x, jgu s okys vkoklh; vikVeZ Vsa ds uke ls tkuk tkrk gks½ ckj s es a tks n;s gksxk] bldh x.kuk[PART IV DELHI GAZETTE : EXTRAORDINARY 3 bl vf/klwpuk ds varxrZ çkstsDV e sa vkoklh; vikVZeVsa fuEufyf[kr rjhds l s dh tk;sxh%& ds fuekZ.k ds fy, miyC/k th,lVh l s NwV dh jkf'k [eku yhft, ;gka NVw u nh xbZ gks rks dh x.kuk bl çdkj gksxh%& çkstsDV ds vkoklh; vikVZesaVl~ ds [çkstsDV es a fuekZ.k dk; Z gsrq Hkwfe dks nh?kZdky rd iê s fuekZ.k gsrq Hkwfe ds nh?kZdkfyd iê s ij ij fn, tkus ij ykxw viÝaV jkf'k ¼ftls çhfe;e] n;s viÝaV jkf'k ¼ftldks fd çhfe;e] lykeh] dkWLV] çkbl] MsoyiesVa pktZ ;k vU; fdlh Hkh lykeh] dkWLV] çkbl] MsoyiesVa l pktZ uke l s tkuk tkrk gks½ ij Hkqxrku gsrq th,lVh] X ;k vU; fdlh Hkh uke l s tkuk tkrk gks ¼çkstsDV ds vkoklh; vikVZesVa dk dkisVZ ,fj;k ÷ ij n;s th,lVh] X ¼iw.kZrk çek.ki= çkstsDV ds vkoklh; vkSj okf.kfT;d vikVeZ sVa dk dqy ¼dEiyh'ku lVhZfQdsV½ ds tkjh fd, dkisVZ ,fj;k½ tkus ;k igy s dCts fd rkjh[k rd fcuk cqd gq, jgus okys vkoklh; vikVZeVsa l ÷ çkstsDV es a vkoklh; vikVZesaVl dk dqy dkisVZ ,fj;k½% c'krZ s vkSj Hkh fd mi;qZä ijra q igy s ds vulq kj Hkqxrku fd, tkus okyk dj ^,QksMsoZ y* vkoklh; vikVZesVa ds ewY; ds 0-5 çfr'kr vkSj mu vkoklh; vikVeZ sVa ds ewY; ds 2-5 çfr'kr l s vf/kd ugha gksxk tks fd ^,QksMsoZ y* vkoklh; vikVZesVa l s fHkUu gSa vkSj iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ ds tkjh gksus dh rkjh[k ;k çFke dCtss dh rkjh[k dks fcuk cqd fd, x, iM+s gkAsa viÝaV jkf'k ¼ftldks fd çhfe;e] lykeh] dkWLV] çkbl] MsoyiesVa pktZ ;k vU; fdlh Hkh uke ls tkuk tkrk gks½ ds mä fgLls ij Hkqxrku fd, tku s okys jkT; dj dh n;s rk] ftldh Åij x.kuk gqbZ gS] ml rkjh[k dks iSnk gksxh tks rkjh[k iw.kZrk çek.ki= ¼dEiyh'ku lVhZfQdsV½ ;k çkstsDV ds çFke dCts½] tSlh Hkh fLFkfr gks vkSj nksuksa esa tks Hkh igy s gks] gksxh ¼iii½ iSjkxzkQ 1 ds i'pkr fuEufyf[kr iSjkxzkQks a dks varLFkkfir fd;k tk,xk] ;Fkk %& Þ1d- vkoklh; ;k okf.kfT;d vikVZeasV ds :i eas çfrQy ds ,ot es a fcYMj/Msoyij dks fdlh O;fä }kjk MsoyiesVa jkbVl ;k ,Q,lvkbZ ds varj.k ds ek/;e ls nh tku s okyh lsok dh vkiwfrZ ds eYw ; dks ml eYw ; ds cjkcj ekuk tk,xk tks fd mä fcYMj/Msoyij ds }kjk fdlh Lora= Øsrk ls mlh çdkj ds vikVZeasV ds fy, ml utnhdh rkjh[k dk s Hkkfjr fd;k x;k gksxk ftl rkjh[k dks ,sl s MsoyieasV jkbVl ;k ,Q,lvkbZ dk varj.k ,sl s fcYMj /Msoyij dks fd;k x;k gksA 1[k- iw.kZrk çek.ki= ds tkjh fd, tku s dh rkjh[k ;k igy s dCts dh rkjh[k] tSlh Hkh fLFkfr gks fcuk cqd fd, x, iM+ s vkoklh; ;k okf.kfT;d vikVZesVa ds fgLls ds eYw ; dk s ml eYw ; ds cjkcj ekuk tk,xk tks fd iw.kZrk çek.ki= dks tkjh gksus dh rkjh[k ;k çFke dCts dh rkjh[k ;k fQj tSlh Hkh fLFkfr gks] dks ,sl s fcYMj/Msoyij }kjk mlh çdkj ds vikVZesVa dk eYw ; fy;k x;k gksAß ¼iv½ Li"Vhdj.k ls lacaf/kr iSjkxzkQ ¼3½ es]a miokD; ¼4½ ds i'pkr] fuEufyf[kr miokD; dks varLFkkfir fd;k tk,xk%& Þ¼v½ in ^^vikVZesVa ^^ 'kCn dk ogh vFkZ gksxk tks blds fy, jh;y ,LVsV ¼jxs wys'ku ,aM MsoyieasV½ ,DV] 2016 ¼2016 dk 12½ dh /kkjk 2 dh miokD; ¼³½ es a fn;k x;k gksA ¼vi½ in Þ,QksMsZoy vkoklh; vikVZeasVß dk ogh vFkZ gksxk tks blds fy, vf/klwpuk la- 11/2017& jkT; dj ¼nj½] fnukad 30-06-2017] ;Fkk la'kksf/kr] ftls la0Qk0 03¼15½/foÙk¼jkt0&1½/2017&18/ Mh,l&VI/381] fnukad 30 twu] 2017 ds rgr fnYyh ds jkti= vlk/kkj.k ds Hkkx&IV esa çdkf'kr fd;k x;k Fkk] eas fn;k x;k gksA (vii) in ^^çeksVj^^ 'kCn dk ogh vFkZ gksxk tk s blds fy, jh;y ,LVsV ¼jxs wy's ku ,aM MsoyieasV½ ,DV] 2016 ¼2016 dk 12½ dh /kkjk 2 dh miokD; ¼;V½ eas fn;k x;k gksA ¼viii½ ÞçkstsDVß ls vfHkçk;% fdlh jh;y ,LVsV çkstsDV ¼REP½ ;k jts hMsfa'k;y jh;y ,LVsV çkstsDV ¼RREP½ ls gSA[PART IV DELHI GAZETTE : EXTRAORDINARY 4 ¼ix½ in ^^jh;y ,LVsV çkstsDV ¼REP½ß dk ogh vfHkçk;% gksxk tk s blds fy, jh;y bLVsV ¼jXs ;yw s'ku ,aM MsoyieasV½ ,DV] 2016 ¼2016 dk 16½ dh /kkjk 2 ds miokD; ¼;<½ eas fn;k x;k gksA (x) in ^^jts hMsfa'k;y jh;y ,LVsV çkstsDV ¼RREP½ß dk vfHkçk;% ml jh;y ,LVsV çkstsDV ¼REP½ ls gksxk ftueas fdlh okf.kfT;d vikVZesVa ~l dk dkjisV ,fj;k ml jh;y ,LVsV çkstsDV ¼REP½ ds lHkh vikVZesaV~l ds dqy dkjisV ,fj;k ds 15 % ls vf/kd u gksA ¼xi½ in ^^dkyhu {ks= ¼dkisZV ,fj;k½^^ 'kCn dk vFkZ ogh gS tks fd fj;y ,LVsV ¼fofu;eu vkSj fodkl½ vf/kfu;e] 2016 eas fufnZ"V fd;k x;k gSA ¼xii½ Þ,d vikVZeasV tks iwjk gksus ds çek.k i= tkjh dju s dh frfFk ij cqd fd;k x;k gks ;k çkstsDV ds igy s dCtsß dk eryc gksxk ,d vikVZeasV tks fuEufyf[kr lHkh rhu 'krksZa dks iwjk djrk gks] ;Fkk& ¼d½ vikVZesVa lsok ds fuekZ.k dh vkiwfrZ dk fgLlk mä frfFk dks ;k mlls igy s vkiwfrZ dk le; gS; rFkk ¼[k½ mä frfFk dk s ;k mlls igy s iath—r O;fä ds cSad [kkr s eas de ls de ,d fdLr ds cjkcj dh jkf'k tek djok nh xbZ gksA ¼x½ mä frfFk dk s vFkok mlls igys vkoaVu i= ;k fcØh le>kSr s ;k vikVZesVa ds fdlh vU; leku nLrkost dh lk{; cqfdax tkjh dj nh xbZ gksA ¼xiii½ Þ¶yksj Lisl bUMsDl ¼,Q,lvkbZ½ß ls vfHkçk;% fdlh Hkou ds dqy ¶yksj ,fj;k ¼lEiw.kZ ¶yksj ,fj;k½ vkSj ml Hkw&[k.M ds {ks=Qy ds vuiq kr ls gS ftlij fd ,sl s Hkou dk fuekZ.k gqvk gksAß 2- ;g vf/klwpuk 1 vçSy 2019 ls ykxw gksxhA jk"Vªh; jkt/kkuh {ks= fnYyh ds mijkT;iky, ds vkn’s k ls rFkk muds uke ij] lquhy lgxy] mi lfpo&VI ¼foÙk½ ç/kku vf/klwpuk la- 12@2017&jkT; dj ¼nj½] fnukad 30 twu 2017 dks la- Qk- 03¼15½/foÙk¼jkt-&1½/2017&18/ Mh,l&VI/380] fnukad 30 twu 2017 ds rgr fnYyh ds jkti= vlk/kkj.k ds Hkkx&IV eas çdkf'kr fd;k x;k Fkk vkSj blesa vafre ckj vf/klwpuk la- 28/2018 – jkT; dj ¼nj½ fnukad 12 flrEcj] 2019] la- Qk- 03¼53½/foÙk¼jkt-&1½/2019-20/Mh,l&VI/422] fnukad 12 flrEcj] 2019, ds rgr] ds }kjk la'kks/ku fd;k x;k gSA FINANCE (REVENUE-1) DEPARTMENT NOTIFICATION Delhi, the 1st June, 2020 No. 04/2019- State Tax (Rate) No. F.3(3 )/Fin (Rev-I)/2020-21/DS-VI/166 .—In exercise of the powers conferred by sub-section (1) of section 11 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lt. Governor of National Capital Territory of Delhi, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of Delhi, in the Department of Finance (Revenue-I), No.12/2017- State Tax (Rate), dated the 30th June, 2017, published in the Gazette of Delhi, Extraordinary, Part IV, vide number No. F.3 (15 )/Fin (Rev-I)/2017-18/DS-VI/ 380, dated the 30th June, 2017, namely:— In the said notification, — (i) in the opening paragraph, for the word, brackets and figures ―sub-section (1) of section 11‖ the word, brackets and figures, ― sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11,sub-section (5) of section 15 and section 148,‖ shall be substituted; (ii) in the Table, — (a) after serial number 41 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely: — (1) (2) (3) (4) (5) ―41A Heading 9972 Service by way of transfer of Nil Provided that the promoter shall be liable to pay tax development rights (herein at the applicable rate, on reverse charge basis, on such[PART IV DELHI GAZETTE : EXTRAORDINARY 5 refer TDR) or Floor Space proportion of value of development rights, or FSI Index (FSI) (including (including additional FSI), or both, as is attributable additional FSI) on or after 1st to the residential apartments, which remain un- April, 2019 for construction booked on the date of issuance of completion of residential apartments by certificate, or first occupation of the project, as the a promoter in a project, case may be, in the following manner - intended for sale to a buyer, [GST payable on TDR or FSI (including additional wholly or partly, except FSI) or both for construction of the residential where the entire apartments in the project but for the exemption consideration has been contained herein] x (carpet area of the residential received after issuance of apartments in the project which remain un- booked on completion certificate, where the date of issuance of completion certificate or first required, by the competent occupation ÷ Total carpet area of the residential authority or after its first apartments in the project) occupation, whichever is earlier. The amount of GST Provided further that tax payable in terms of the first exemption available for proviso hereinabove shall not exceed 0.5 per cent. of construction of residential the value in case of affordable residential apartments apartments in the project and 2.5 per cent. of the value in case of residential under this notification shall apartments other than affordable residential be calculated as under: apartments remaining un- booked on the date of issuance of completion certificate or first occupation [GST payable on TDR or FSI (including additional The liability to pay state tax on the said portion of the FSI) or both for construction development rights or FSI, or both, calculated as of the project] x (carpet area above, shall arise on the date of completion or first of the residential apartments occupation of the project, as the case may be, in the project ÷ Total carpet whichever is earlier. area of the residential and commercial apartments in the project ) 41B Heading 9972 Upfront amount (called as Nil Provided that the promoter shall be liable to pay tax premium, salami, cost, price, at the applicable rate, on reverse charge basis, on such development charges or by proportion of upfront amount (called as premium, any other name) payable in salami, cost, price, development charges or by any respect of service by way of other name) paid for long term lease of land, as is granting of long term lease attributable to the residential apartments, which of thirty years, or more, on remain un- booked on the date of issuance of or after 01.04.2019, for completion certificate, or first occupation of the construction of residential project, as the case may be, in the following manner - apartments by a promoter in [GST payable on upfront amount (called as premium, a project, intended for sale salami, cost, price, development charges or by any to a buyer, wholly or partly, other name) payable for long term lease of land for except where the entire construction of the residential apartments in the consideration has been project but for the exemption contained herein] x received after issuance of (carpet area of the residential apartments in the completion certificate, where project which remain un- booked on the date of required, by the competent issuance of completion certificate or first occupation authority or after its first ÷ Total carpet area of the residential apartments in the occupation, whichever is project); earlier. The amount of GST exemption available for Provided further that the tax payable in terms of the construction of residential first proviso shall not exceed 0.5 per cent. of the apartments in the project value in case of affordable residential apartments under this notification shall and 2.5 per cent. of the value in case of residential be calculated as under: apartments other than affordable residential apartments remaining un- booked on the date of [GST payable on upfront issuance of completion certificate or first occupation. amount (called as premium, salami, cost, price, The liability to pay state tax on the said proportion of development charges or by upfront amount (called as premium, salami, cost,[PART IV DELHI GAZETTE : EXTRAORDINARY 6 any other name) payable for price, development charges or by any other name) long term lease of land for paid for long term lease of land, calculated as above, construction of the project] x shall arise on the date of issue of completion (carpet area of the residential certificate or first occupation of the project, as the apartments in the project ÷ case may be. Total carpet area of the residential and commercial apartments in the project). (iii) after paragraph 1, the following paragraphs shall be inserted, namely, — ―1A. Value of supply of service by way of transfer of development rights or FSI by a person to the promoter against consideration in the form of residential or commercial apartments shall be deemed to be equal to the value of similar apartments charged by the promoter from the independent buyers nearest to the date on which such development rights or FSI is transferred to the promoter. 1B. Value of portion of residential or commercial apartments remaining un-booked on the date of issuance of completion certificate or first occupation, as the case may be, shall be deemed to be equal to the value of similar apartments charged by the promoter nearest to the date of issuance of completion certificate or first occupation, as the case may be.‖ (iv) in paragraph 3 relating to Explanation, after clause (iv), the following clause shall be inserted, namely: — ―(v) 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). (vi) The term ―affordable residential apartment‖ shall have the same meaning as assigned to it in the notification No. 11/2017-State Tax (Rate), published in the Gazette of Delhi, Extraordinary, Part IV, dated 30th June, 2017 vide F.3 (15 )/Fin (Rev-I)/2017-18/DS-VI/ 381, dated 30th June, 2017, as amended. (vii) 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). (viii) The term ―project‖ shall mean a Real Estate Project or a Residential Real Estate Project. (ix) the term ―Real Estate Project (REP)‖ shall have the same meaning as assigned to it in clause (zn) under section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2017). (x) 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; (xi) The term ―carpet area‖ shall have the same meaning as assigned to it clause (k) under section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2017). (xii) ―an apartment booked on the date of issuance of completion certificate or first occupation of the project‖ shall mean an apartment which meets all the following three conditions, namely- (a) part of supply of construction of the apartment service has time of supply on or before the said date; and (b) consideration equal to at least one instalment has been credited to the bank account of the registered person on or before the said date; 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 said date. (xiii) ―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 1st day of April, 2019. By Order and in the Name of the Lt. Governor of the National Capital Territory of Delhi, SUNIL SEHGAL, Dy. Secy. VI (Finance)[PART IV DELHI GAZETTE : EXTRAORDINARY 7 Note :—The principal notification No. 12/2017 - State Tax (Rate), dated the 30th June, 2017 was published in the Gazette of Delhi, Extraordinary- IV, published vide No. F.3(15)/Fin.(Rev-I)/2017-18/DS-VI/380, dated the 30th June, 2017 and was last amended by notification No. 28/2018 - State Tax (Rate), dated 12/09/2019 vide No F.3(53)/Fin.(Rev-I)/2019-20/DS-VI/422 dated the 12/09/2019. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.