https://www.taxtmi.com/notifications?id=130197 The notification exempts GST on portions of tax attributable to residential apartments arising from transfer of development rights/FSI and upfront long term lease premiums, calculated by the ratio of residential carpet area to total carpet area; promoters are liable on reverse charge for the proportionate tax on apartments unsold at completion or first occupation, subject to specified caps. Deemed valuation rules fix value of TDR/FSI exchanges and unsold apartments by reference to similar apartments' prices nearest relevant dates, and definitions align key terms with the Real Estate (Regulation and Development) Act. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 12 Jul 2019 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130197 The notification exempts GST on portions of tax attributable to residential apartments arising from transfer of development rights/FSI and upfront long term lease premiums, calculated by the ratio of residential carpet area to total carpet area; promoters are liable on reverse charge for the proportionate tax on apartments unsold at completion or first occupation, subject to specified caps. Deemed valuation rules fix value of TDR/FSI exchanges and unsold apartments by reference to similar apartments' prices nearest relevant dates, and definitions align key terms with the Real Estate (Regulation and Development) Act. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130197