The Goods and Services Tax Act (Law Number 10/2011) shall be amended as follows.

1. Insert the following subsection after Section 20(n) of the aforementioned Act:

20. (o) Flats, land and buildings sold by the Government or by the Government through a third party under social housing schemes in which the Government has the discretion to control the price of the property being sold in accordance with procedures determined by the Government. Where a person has paid GST pursuant to the First Amendment of the Goods and Services Tax Act (Law Number 10/2011) in relation to supplies exempted under this subsection, such GST shall be refunded within 30 (thirty) days from the date of commencement of the Second Amendment to the Goods and Services Tax Act (Law Number 10/2011).

2. This Act shall commence upon it being published in the Gazette of the Government of Maldives.