GST on supply of services of FSI by Slum Rehabilitation authority (SRA)

[Ashish Diwedi]

Dear Sir,

We have constructed 176 flats of 60 Sqm as a part of SRA scheme. Against which, we shall receive FSI from the Slum Rehabilitation Authority.

Is the transaction of supply of FSI by SRA liable to GST under RCM or is it exempt in terms of provisions contained in Notifi. No. 12/2017 - Central Tax (RATE)?

AI Summary

GST Applicability on Floor Space Index Supply by Slum Rehabilitation Authority Examined for Exemption under Notification No. 12/2017 A query was raised regarding the applicability of Goods and Services Tax (GST) on the supply of Floor Space Index (FSI) by the Slum Rehabilitation Authority (SRA) in a project involving the construction of 176 flats. The question sought clarification on whether this transaction is subject to GST under the Reverse Charge Mechanism (RCM) or exempt under Notification No. 12/2017 - Central Tax (RATE). The response indicated that if the SRA qualifies as a government authority and its services are covered under articles 243W or G, then an exemption would apply.