GST on TDR for JDA executed before commencement of GST

[NUKALA KUMAR]

JDA is executed in 2015,project was commenced in 2018 and OC recieved in 2022. what is taxability of TDR (Transfer of developmental rights) by land owner to developer ?

Liability to pay tax on TDR by land owner as per notification 04/2018 dated 25th January 2018??

AI Summary

Developers Navigate GST Complexities in Joint Development Agreements, Focusing on Transfer of Development Rights and Taxation Timelines A discussion forum explores GST implications on Transfer of Development Rights (TDR) under a Joint Development Agreement (JDA) executed before GST implementation. The key points include determining tax liability based on the project timeline, with the developer responsible for GST under reverse charge mechanism at the time of Occupancy Certificate, particularly for units sold after project completion. The analysis considers pre-GST and post-GST legal frameworks, focusing on the taxability of TDR and construction services.