Sale of Transferable Development Rights or Floor Space Index Subject to 18% GST Under Heading 9972.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Levy of GST - taxable supply or not - 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 sale of TDR/FSI would be leviable to GST under Heading 9972, at the rate of 18% - AAAR....