This instruction clarifies the manner of payment of GST by real estate promoters under the revised GST rate regime applicable from 01.04.2019. Promoters are required to procure at least 80% of the value of inputs and input services from registered suppliers, failing which GST is payable on the shortfall value. The tax on such shortfall is required to be paid annually by the end of the quarter following the relevant financial year. It is clarified that FORM GST DRC-03 shall be used for reporting and payment of such tax electronically on the GST portal. The clarification removes ambiguity regarding the prescribed form and ensures uniform compliance by promoters and developers.