https://www.taxtmi.com/caselaws?id=769017 A development agreement allowing a developer to construct using existing or enhanced FSI did not amount to a taxable transfer of development rights or FSI under Entry 5B of the GST notification. The provision was read as covering actual transfer of TDR or FSI in the regulatory sense, capable of entitling construction under the applicable development control regime. Because the agreement only granted a right to develop the property and did not involve purchase or transfer of TDR or FSI from any person, the show cause notice and consequential GST demand were unsustainable. The impugned demand proceedings were quashed. en-us Tue, 08 Apr 2025 00:00:00 +0530 Wed, 16 Apr 2025 15:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769017 A development agreement allowing a developer to construct using existing or enhanced FSI did not amount to a taxable transfer of development rights or FSI under Entry 5B of the GST notification. The provision was read as covering actual transfer of TDR or FSI in the regulatory sense, capable of entitling construction under the applicable development control regime. Because the agreement only granted a right to develop the property and did not involve purchase or transfer of TDR or FSI from any person, the show cause notice and consequential GST demand were unsustainable. The impugned demand proceedings were quashed. Case-Laws GST Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769017