In as area sharing model and In terms of Notification 04/2019 dated 29/3/2019 in the formula for the amount of GST exemption what constitutes the GST PAYABLE ? whether the GST payable amount has to be restricted to the land owners area or the entire area in the project. Please provide clarity on the subject as per statue or any case laws or advance rulings.
Regards
Hubert
Clarification Sought on GST for Transfer of Development Rights: Landowner's Share vs. Entire Project Area per Notification 04/2019. A discussion on a forum addresses the Goods and Services Tax (GST) payable on Transfer of Development Rights (TDR) in an area-sharing model. The query seeks clarification on whether GST payable should be limited to the landowner's area or the entire project area, referencing Notification 04/2019. A response suggests GST is typically calculated based on the developer's share, with construction for the landowner handed back. The inquirer requests further information or advance rulings, specifically citing a case involving M/s. Pride Constructions and the Andhra Pradesh High Court for additional guidance. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
TaxTMI 
TaxTMI 
