GST on supply of services of FSI by Municipal Corporation BMC

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....ST on supply of services of FSI by Municipal Corporation BMC<br> Query (Issue) Started By: - Dinesh Shah Dated:- 31-5-2021 Last Reply Date:- 10-6-2021 Goods and Services Tax - GST<br>Got 2 Replies<br>....

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....GST<br>Dear SIr, We have constructed parking lot and have received 2 FSI from the Municipal Corporation (i.e. BMC). Is the transaction of supply of service by way of FSI liable to GST under RCM or i....

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....s it exempt in terms of Noti. No. 12/2017 - Central Tax (Rate)? Reply By Shilpi Jain: The Reply: If it is a local authority and the function can be said to fall under 243W 1. Urban planning includi....

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....ng town planning. 2. Regulation of land-use and construction of buildings Exemption should be eligible. Reply By YAGAY andSUN: The Reply: Reverse Charge Mechanism on Real Estate sector (w.e.f. 01-....

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....04- 2019):- Description Of Service Tax Payable by Services supplied by any person by way of transfer of development rights or Floor Space Index (FSI) (including additional FSI) for construction of a p....

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....roject by a promoter on unsold flats by Promoter (However RCM is to the extent of unsold portion).<br> Discussion Forum - Knowledge Sharing ....