Amendments in the Notification of the Government of Tripura, in the Finance Department, No. 12/2017-State Tax (Rate), dated the 29th June, 2017.

Amendments in the Notification of the Government of Tripura, in the Finance Department, No. 12/2017-State Tax (Rate), dated the 29th June, 2017. https://www.taxtmi.com/notifications?id=129800 Amendments add entries 41A and 41B exempting GST on transfer of development rights/FSI and on upfront long term lease amounts for construction of residential apartments, with the exemption apportioned by carpet area. Promoters must pay tax on the proportion attributable to unsold residential apartments on issuance of completion certificate or first occupation under reverse charge, subject to caps; valuation of transferred rights and unsold apartments is deemed to be the value of similar apartments charged by the promoter nearest the relevant date. en-us Sat, 30 Mar 2019 00:00:00 +0530 Mon, 20 May 2019 12:16:00 +0530 TaxTMI RSS Generator Amendments in the Notification of the Government of Tripura, in the Finance Department, No. 12/2017-State Tax (Rate), dated the 29th June, 2017. https://www.taxtmi.com/notifications?id=129800 Amendments add entries 41A and 41B exempting GST on transfer of development rights/FSI and on upfront long term lease amounts for construction of residential apartments, with the exemption apportioned by carpet area. Promoters must pay tax on the proportion attributable to unsold residential apartments on issuance of completion certificate or first occupation under reverse charge, subject to caps; valuation of transferred rights and unsold apartments is deemed to be the value of similar apartments charged by the promoter nearest the relevant date. Notifications GST - States Sat, 30 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129800