https://www.taxtmi.com/forum/issue?id=117269 Issue: Whether GST on unsold flats at completion certificate should apply on development-rights value without land deduction or under a concessional residential rate excluding land. Commentary records two competing positions: one applying a concessional rate to eligible residential projects (excluding land value and denying input tax credit), and another treating development rights as taxable at the standard development-rights rate without permitting the land-value one third deduction but subject to a practical cap tied to the flat's sale value. en-us Tue, 08 Jun 2021 22:38:52 +0530 Thu, 23 Jan 2025 15:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117269 Issue: Whether GST on unsold flats at completion certificate should apply on development-rights value without land deduction or under a concessional residential rate excluding land. Commentary records two competing positions: one applying a concessional rate to eligible residential projects (excluding land value and denying input tax credit), and another treating development rights as taxable at the standard development-rights rate without permitting the land-value one third deduction but subject to a practical cap tied to the flat's sale value. Discussion-Forum GST Tue, 08 Jun 2021 22:38:52 +0530 https://www.taxtmi.com/forum/issue?id=117269