https://www.taxtmi.com/notifications?id=133075 Amendment provides a nil GST exemption for the residential share of services by way of transfer of development rights (TDR)/FSI or upfront long term lease payments for construction projects, calculated by apportioning GST on those inputs by the ratio of residential carpet area to total carpet area. Promoters must pay tax on a reverse charge basis for the proportion attributable to residential apartments that remain un booked at issuance of completion certificate or first occupation, subject to capped rates by residential category; liability arises on the earlier of completion certificate issuance or first occupation. en-us Mon, 01 Jun 2020 00:00:00 +0530 Thu, 04 Jun 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133075 Amendment provides a nil GST exemption for the residential share of services by way of transfer of development rights (TDR)/FSI or upfront long term lease payments for construction projects, calculated by apportioning GST on those inputs by the ratio of residential carpet area to total carpet area. Promoters must pay tax on a reverse charge basis for the proportion attributable to residential apartments that remain un booked at issuance of completion certificate or first occupation, subject to capped rates by residential category; liability arises on the earlier of completion certificate issuance or first occupation. Notifications GST - States Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133075