https://www.taxtmi.com/forum/issue?id=117274 GST applies to apartments transferred to a landowner in consideration for development rights, with value deemed equal to the price charged to independent buyers nearest to the date of transfer. The developer's tax liability is ordinarily linked to completion, but the developer may discharge the liability earlier by issuing a tax invoice so the landowner can claim Input Tax Credit. ITC is available subject to standard conditions, and developers may be required to reverse proportionate ITC for unsold units on completion, though such reversals are not uniformly followed. en-us Thu, 10 Jun 2021 19:19:55 +0530 Thu, 23 Jan 2025 15:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117274 GST applies to apartments transferred to a landowner in consideration for development rights, with value deemed equal to the price charged to independent buyers nearest to the date of transfer. The developer's tax liability is ordinarily linked to completion, but the developer may discharge the liability earlier by issuing a tax invoice so the landowner can claim Input Tax Credit. ITC is available subject to standard conditions, and developers may be required to reverse proportionate ITC for unsold units on completion, though such reversals are not uniformly followed. Discussion-Forum GST Thu, 10 Jun 2021 19:19:55 +0530 https://www.taxtmi.com/forum/issue?id=117274