https://www.taxtmi.com/article/detailed?id=7741 The note explains that, in JDAs, GST time of supply is typically triggered on transfer of development rights because consideration is received in kind, and valuation under Section 15 and Rules 27-35 requires treating flats allotted to land owners at their open market value or, if unavailable, the monetary equivalent or value of like flats sold contemporaneously, with sectoral FAQs indicating taxability when conveyance or similar instruments transfer possession or rights. en-us Fri, 24 Nov 2017 10:17:14 +0530 Fri, 24 Nov 2017 10:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7741 The note explains that, in JDAs, GST time of supply is typically triggered on transfer of development rights because consideration is received in kind, and valuation under Section 15 and Rules 27-35 requires treating flats allotted to land owners at their open market value or, if unavailable, the monetary equivalent or value of like flats sold contemporaneously, with sectoral FAQs indicating taxability when conveyance or similar instruments transfer possession or rights. Articles Goods and Services Tax - GST Fri, 24 Nov 2017 10:17:14 +0530 https://www.taxtmi.com/article/detailed?id=7741