https://www.taxtmi.com/article/detailed?id=14734 Transfer of development rights (including additional FSI and TDR) is a supply of service and, under Notification 13/2017 (as amended), tax on such transfer is payable by the promoter under the reverse charge mechanism. For development rights utilised for construction of residential units on or after 1 April 2019, Notification 12/2017 (as amended) exempts the promoter from GST to the extent of the residential carpet area provided sale occurs before completion or first occupation; otherwise the promoter remains liable proportionately for the commercial component and for unsold inventory as computed under the notification. en-us Wed, 02 Jul 2025 08:43:06 +0530 Wed, 02 Jul 2025 08:43:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14734 Transfer of development rights (including additional FSI and TDR) is a supply of service and, under Notification 13/2017 (as amended), tax on such transfer is payable by the promoter under the reverse charge mechanism. For development rights utilised for construction of residential units on or after 1 April 2019, Notification 12/2017 (as amended) exempts the promoter from GST to the extent of the residential carpet area provided sale occurs before completion or first occupation; otherwise the promoter remains liable proportionately for the commercial component and for unsold inventory as computed under the notification. Articles Goods and Services Tax - GST Wed, 02 Jul 2025 08:43:06 +0530 https://www.taxtmi.com/article/detailed?id=14734