https://www.taxtmi.com/news?id=21155 GST on under construction residential properties will be levied without input tax credit at a specified effective rate for non affordable units and at a lower effective rate for units meeting the defined affordable housing criteria; the rates commence on the stated effective date. Affordable housing is defined by carpet area limits for metropolitan and non metropolitan cities and a value ceiling. Exemption of tax on development rights (TDR, JDA, lease premium, FSI) applies only where GST is payable on the residential property. An officers' committee will draft scheme details for Council approval. en-us Sun, 24 Feb 2019 18:13:11 +0530 Mon, 25 Feb 2019 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21155 GST on under construction residential properties will be levied without input tax credit at a specified effective rate for non affordable units and at a lower effective rate for units meeting the defined affordable housing criteria; the rates commence on the stated effective date. Affordable housing is defined by carpet area limits for metropolitan and non metropolitan cities and a value ceiling. Exemption of tax on development rights (TDR, JDA, lease premium, FSI) applies only where GST is payable on the residential property. An officers' committee will draft scheme details for Council approval. News - Sun, 24 Feb 2019 18:13:11 +0530 https://www.taxtmi.com/news?id=21155