https://www.taxtmi.com/caselaws?id=293276 Grant of development rights, where land ownership remains with the landowner and the developer receives only rights to develop the property, does not constitute a sale of land. It is treated as a supply of services liable to GST. Where development rights are exchanged for constructed space, tax liability arises when the developer transfers possession or rights in the constructed complex to the development-rights supplier. Valuation follows the prescribed construction-service valuation mechanism under the applicable GST rate notifications, including the relevant entry for construction services. en-us Wed, 27 Feb 2019 00:00:00 +0530 Fri, 28 Feb 2025 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293276 Grant of development rights, where land ownership remains with the landowner and the developer receives only rights to develop the property, does not constitute a sale of land. It is treated as a supply of services liable to GST. Where development rights are exchanged for constructed space, tax liability arises when the developer transfers possession or rights in the constructed complex to the development-rights supplier. Valuation follows the prescribed construction-service valuation mechanism under the applicable GST rate notifications, including the relevant entry for construction services. Case-Laws GST Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293276