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Transferable Development Rights Sales Taxed at 18% GST for Land Rights Surrender Under Development Control Regulations.

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Full Text of the Document

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....Levy of GST - sale of Transferable Development Rights (TDR)/ Floor Space Index (FSI) received as consideration for surrendering the joint rights in land in terms of Development Control Regulations - The transactions of transfer of development rights/AdditionaI FSI are taxable under GST Laws @ 18%....

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