Transfer of development rights and long-term land leases as services to promoters, affecting GST treatment from notified effective date. Amendment adds entries treating transfer of development rights or FSI and long term leases of land (with upfront consideration and/or periodic rent) supplied for construction of a project by a promoter as services supplied by any person to a promoter. It further inserts definitions for apartment, promoter, project, REP, RREP and floor space index (FSI) aligned to the Real Estate (Regulation and Development) Act; the notification is effective from the notified date in April, 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of development rights and long-term land leases as services to promoters, affecting GST treatment from notified effective date.
Amendment adds entries treating transfer of development rights or FSI and long term leases of land (with upfront consideration and/or periodic rent) supplied for construction of a project by a promoter as services supplied by any person to a promoter. It further inserts definitions for apartment, promoter, project, REP, RREP and floor space index (FSI) aligned to the Real Estate (Regulation and Development) Act; the notification is effective from the notified date in April, 2019.
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