WebNov 1, 2024 · To understand the taxability, it is imperative to understand whether the activity of transfer of development rights (TDR) would constitute a ‘service’ as per definition laid … Webit can be safely stated that TDR’s are the benefits arising out of the land and the same is an immovable property. However, it may be noted that all immovable properties are not …
GST on Sale of TDR/FSI- Received for Surrendering Joint ... - TaxGuru
WebSep 30, 2024 · The Maharashtra Appellate Authority of Advance Ruling (AAAR) declared the AAR’s governing and endured that 18% GST rate is leviable on sale of Transferable … WebSep 20, 2024 · GST on Transfer of Development Right TDR, FSI & RCM after 1st April 19 The Authority of Advance Ruling (AAR), Andhra Pradesh, has held that GST will be applicable on a transfer of any running … different school of thoughts
Notification update – GST amendments to the real estate …
WebThe moot question that arises is whether the transfer of TDR amounts to supply and whether the same shall be liable to GST. To answer this question, we need to analyse the provisions of the GST law as under: 2. As per Section 9 of the Central Goods and Service Tax Act, 2024 (C GST Act), Central WebOct 24, 2024 · The new GST tax rate to be applicable from 01.04.2024 will have the following advantages on real estate:- The buyer of the house will get a fair price and affordable housing gets very attractive with GST @ 1%. The interest of the buyer/consumer will get protected. Also, ITC benefits not being passed to them shall become a non-issue. WebJan 15, 2024 · From the above table it is very clear that GST is payable at the rate of 18% (9% + 9%) on transfer of development rights or FSI (including additional FSI), under SI. No. 16, item (iii) of Notification No. 11/2024 – Central Tax (Rate) dated 28 … different schools of painting