https://www.taxtmi.com/notifications?id=129789 The amendment inserts tariff entries treating transfer of development rights/FSI and upfront long term lease amounts for residential projects as eligible for a prorated GST exemption based on carpet area ratios; it imposes reverse charge on promoters for portions attributable to residential apartments remaining unsold at completion or first occupation, subject to differentiated caps, prescribes deemed valuation rules equating transfer value to developer sale value nearest the relevant date, and adopts defined terms from the Real Estate (Regulation and Development) Act. en-us Thu, 25 Apr 2019 00:00:00 +0530 Mon, 20 May 2019 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129789 The amendment inserts tariff entries treating transfer of development rights/FSI and upfront long term lease amounts for residential projects as eligible for a prorated GST exemption based on carpet area ratios; it imposes reverse charge on promoters for portions attributable to residential apartments remaining unsold at completion or first occupation, subject to differentiated caps, prescribes deemed valuation rules equating transfer value to developer sale value nearest the relevant date, and adopts defined terms from the Real Estate (Regulation and Development) Act. Notifications GST - States Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129789