Liability on TDR/FSI under GST

[Shreyansh Mehta]

What should be the liability of TDR purchase in Cash under GST and when should be it is payable??

As per my knowledge we have to calculate TDR liability at the time of receiving Completion certificate and it should be payable on remaining unsold flats. But i am confused because i had purchase TDR by paying consideration in Cash and i have to pay liaibility on RCM basis at the time of completion certificate. If i agree to share area or revenue then my liability will be determine at the time of completion certificate in area sharing and in revenue sharing at the time of revenue earned.But if i purchase TDR in cash then what should be my liability and when should i have to pay???

Please guide me regarding my issue

Thankyou

AI Summary

GST on Transferable Development Rights: Timing and Rates for Residential and Commercial Projects under Reverse Charge Mechanism. A user inquired about the GST liability on the purchase of Transferable Development Rights (TDR) in cash, particularly regarding the timing of payment. One response clarified that if the TDR is for a residential project, the GST is payable on a reverse charge mechanism (RCM) basis for unsold flats at the time of the completion certificate or first occupation. The tax is calculated based on the proportionate value of un-booked residential apartments and should not exceed 1% for affordable housing or 5% for other residential units. Another response highlighted that for commercial projects, liability arises at the time of payment.