Gst on real-estate prior to 01.04.19

[NAMAN DOKANIA]

How the tax on tdr will be calculated on the unbooked portion on the part of the builder share if the builder has opted for the old rate i.e. 12%??

AI Summary

GST on TDR for Builder's Share: No Exemption if JDA Before April 1, 2019; 12% Rate Applies A user inquired about calculating GST on Transferable Development Rights (TDR) for the unbooked portion of a builder's share if the builder chose the old 12% rate. A respondent clarified that if the Joint Development Agreement (JDA) was entered before April 1, 2019, no exemption applies, and GST must be paid on the entire portion. The response also noted that the GST on this matter is currently under challenge.