https://www.taxtmi.com/article/detailed?id=12196 Transfers or sales of Transferable Development Rights/Additional FSI received as consideration for surrendering land rights and subsequently sold in the course of business are treated as a supply of service, not as a sale of land under Schedule III; the administrative authorities applied the real estate services classification in the rate notifications, noted the tax is on benefits arising out of land rather than on land itself, and observed that specified notifications govern levy and may prescribe reverse charge treatment where applicable. en-us Sat, 06 Jan 2024 09:45:45 +0530 Sat, 06 Jan 2024 09:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12196 Transfers or sales of Transferable Development Rights/Additional FSI received as consideration for surrendering land rights and subsequently sold in the course of business are treated as a supply of service, not as a sale of land under Schedule III; the administrative authorities applied the real estate services classification in the rate notifications, noted the tax is on benefits arising out of land rather than on land itself, and observed that specified notifications govern levy and may prescribe reverse charge treatment where applicable. Articles Goods and Services Tax - GST Sat, 06 Jan 2024 09:45:45 +0530 https://www.taxtmi.com/article/detailed?id=12196