https://www.taxtmi.com/notifications?id=129784 The notification inserts entries providing a GST exemption for transfer of development rights (TDR)/FSI and for upfront amounts for long term leases used for construction of residential apartments, with the exemption apportioned by carpet area (residential / total carpet area). Promoters must pay tax on a reverse charge basis for the proportion attributable to residential apartments that remain un booked on issuance of completion certificate or first occupation, calculated by reference to un booked carpet area, subject to capped rates; the tax liability arises on completion or first occupation. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 31 May 2019 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129784 The notification inserts entries providing a GST exemption for transfer of development rights (TDR)/FSI and for upfront amounts for long term leases used for construction of residential apartments, with the exemption apportioned by carpet area (residential / total carpet area). Promoters must pay tax on a reverse charge basis for the proportion attributable to residential apartments that remain un booked on issuance of completion certificate or first occupation, calculated by reference to un booked carpet area, subject to capped rates; the tax liability arises on completion or first occupation. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129784