https://www.taxtmi.com/caselaws?id=772464 AAR Maharashtra ruled that GST applies to areas given free to existing society members under redevelopment agreements. The taxable value equals market value of similar flats sold to independent buyers. GST liability on development rights is payable by the promoter on completion certificate issuance or first occupation, whichever is earlier. GST is not separately payable on monetary considerations to existing members as these form part of overall development rights consideration. The ruling clarifies GST treatment for redevelopment projects involving existing society members. en-us Wed, 30 Apr 2025 00:00:00 +0530 Mon, 09 Jun 2025 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772464 AAR Maharashtra ruled that GST applies to areas given free to existing society members under redevelopment agreements. The taxable value equals market value of similar flats sold to independent buyers. GST liability on development rights is payable by the promoter on completion certificate issuance or first occupation, whichever is earlier. GST is not separately payable on monetary considerations to existing members as these form part of overall development rights consideration. The ruling clarifies GST treatment for redevelopment projects involving existing society members. Case-Laws GST Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772464