https://www.taxtmi.com/notifications?id=130225 The amendment exempts GST on TDR/FSI transfers and upfront long term lease payments used for construction of residential apartments by applying a proportionate carpet area ratio to GST payable on those inputs; it imposes reverse charge tax on promoters for the proportion attributable to unsold residential apartments at completion or first occupation, subject to capped limits, and establishes deemed valuation rules for transfers in kind and for unbooked apartments at completion. Definitions for apartment, promoter, project, carpet area and FSI are inserted. en-us Tue, 16 Apr 2019 00:00:00 +0530 Mon, 15 Jul 2019 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130225 The amendment exempts GST on TDR/FSI transfers and upfront long term lease payments used for construction of residential apartments by applying a proportionate carpet area ratio to GST payable on those inputs; it imposes reverse charge tax on promoters for the proportion attributable to unsold residential apartments at completion or first occupation, subject to capped limits, and establishes deemed valuation rules for transfers in kind and for unbooked apartments at completion. Definitions for apartment, promoter, project, carpet area and FSI are inserted. Notifications GST - States Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130225