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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>India Amends IGST Rules: Real Estate Services Exemptions for TDR, FSI, and Long-term Leases Effective April 1, 2019.</h1> The Government of India, through Notification No. 04/2019, amends Notification No. 9/2017 to exempt certain services in the real estate sector from Integrated Goods and Services Tax (IGST) as recommended by the GST Council. Effective from April 1, 2019, the amendments exempt GST on services related to the transfer of development rights (TDR) or Floor Space Index (FSI) and long-term leases for residential projects, with conditions on un-booked apartments. The notification outlines the calculation of GST exemptions and specifies the tax liability on un-booked residential apartments, setting maximum tax rates for affordable and other residential units.