This instruction clarifies the procedure for payment of GST by real estate promoters under the revised GST rates 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. Such tax is required to be paid annually by the end of the quarter following the relevant financial year. The Board clarifies that FORM GST DRC-03 shall be used for reporting and making payment of tax on such shortfall electronically on the GST portal. The clarification addresses trade queries and ensures uniform compliance across jurisdictions.