GST on TDR under RCM payable by the Developer/Promoter in Real estate business

[KALLESHAMURTHY MURTHY K.N.]

What is the difference between Transferable Development Rights and Transfer of Development Rights, and GST implications under RCM?

 

AI Summary

Clarifying TDR versus Transfer of Development Rights and GST RCM liability for developers under Section 9(3) and valuation A forum user seeks clarification on the legal distinction between 'Transferable Development Rights' and 'Transfer of Development Rights' in the context of real estate projects, and the resulting GST implications under reverse charge mechanism (RCM) for developers/promoters. The query concerns whether both concepts are treated identically under GST law, specifically when development rights are provided by landowners or other persons to a developer in exchange for constructed area or consideration, and whether the developer/promoter is liable to pay GST under RCM on such rights, including timing and valuation aspects.