https://www.taxtmi.com/notifications?id=129297 Inserts exemptions for GST on TDR/FSI transfers and upfront long term lease payments when used for construction of residential apartments intended for sale, with exemption apportioned by residential carpet area. Promoters must pay tax on reverse charge for residential apartments remaining un booked at completion or first occupation, calculated by apportioning hypothetical GST and capped at specified percentages for affordable and non affordable apartments. Deeming rules fix values for transfers and un booked units and statutory definitions for apartment, promoter, project, carpet area and FSI are added. Effective 1 April 2019. en-us Fri, 29 Mar 2019 00:00:00 +0530 Tue, 09 Apr 2019 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129297 Inserts exemptions for GST on TDR/FSI transfers and upfront long term lease payments when used for construction of residential apartments intended for sale, with exemption apportioned by residential carpet area. Promoters must pay tax on reverse charge for residential apartments remaining un booked at completion or first occupation, calculated by apportioning hypothetical GST and capped at specified percentages for affordable and non affordable apartments. Deeming rules fix values for transfers and un booked units and statutory definitions for apartment, promoter, project, carpet area and FSI are added. Effective 1 April 2019. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129297