WebOct 12, 2024 · TDR is a benefit arising out of land and not land itself . It was held by Authority that sale of TDR /FSI would be leviable to GST under heading 9972, at the rate … 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.
GST is leviable on Sale of TDR/FSI @ 18% - Faceless Compliance
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 … WebMar 14, 2024 · GST payable under RCM on TDR or FSI. GST on TDR/FSI shall be payable by Promoter @ 18% (Notification no. 05/2024- Central Tax (Rate) dated 29 th March. 2024) III. ITC availability. Recipient shall be eligible to avail the ITC of GST paid under RCM if used for outward taxable supply. 7. Leasing Services. I. Meaning of Leasing Services digital tire pressure gauge with case
GST on Real Estate and Construction Services TDR/FSI
WebFeb 24, 2024 · Also, in case of outward supply of TDR by one developer to another, GST is applicable at 18% on reverse charge. C. Supply of services through an e-commerce operator All types of businesses can use e-commerce operators as an aggregator to sell products or provide services. WebOct 19, 2024 · GST is leviable on Sale of TDR/FSI @ 18% Transferable Development Rights or TDR can be considered as an important raw material in the real estate industry … Webconcessional rate of GST is as under: Value of inputs and input services (other than various development rights) received from registered supplier shall not be less than 80 per cent … forster theatre tonbridge