In exercise of the powers conferred by sub-section (4) of section 9 of the Bihar Goods and Services Tax Act, 2017 (12 of 2017), the Governor of Bihar, 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, namely:-
Table
Explanation. - For the purpose of this notification, -
(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 clause (zn) of section 2 of the Real Estate (Regulation and Development) Act, 2016 (16 of 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 percent. 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 come into force with effect from 1st day of April, 2019.
By the order of Governor of Bihar,
Dr. Pratima,
Commissioner State Tax-cum-Secretary.
Corrigendum S.O. 87, Dated 9th April 2019,-
In the notification of the Commercial Taxes Department No. 7/2019-State Tax (Rate), dated the 29th March, 2019, published in the Bihar Gazette, Extraordinary, vide number 505, dated the 29th March, 2019, -
(i) against Sl. No. 1, in column 2 of the Table, for the words, bracket and figure "serial No. (3)" read "serial number 3 in the Table".
(ii) against Sl. No. 2, in column 2 of the Table, for the words, bracket and figure "serial No. (3)" read "serial number 3 in the Table".
(iii) in Explanation, for serial no. (iv), read-
"(iv) "Residential Real Estate Project (RREP)" shall mean a REP in which the carpet area of the commercial apartments is not more than 15 percent. 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."