TMI BlogRCM on TRD/ Development Rights and Additional FSIX X X X Extracts X X X X X X X X Extracts X X X X ..... In many cases, Building plans are sanctioned in the name of the Landowner. Further, the Application for additional FSI as per local laws is also applied and obtained in the Landowner's name. Qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estion: Does the Landowner promoter become liable for GST under RCM as per Notification No. 5/2019-Central Tax (Rate) , since he is also a promoter as per RERA and the additional FSI is granted to hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m by the authorities? The development agreement is entered at a later stage. - Reply By Shilpi Jain - The Reply = FSI is given by whom? Is it Govt? Also, under entry 6B of the IGST RCM rate not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ification, RCM is applicable only if the person taking FSI is by a promoter and such FSI is taken for construction. In present case LO will transfer the FSI to a builder? then no RCM But as govt ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices may be liable under RCM. - RCM on TRD/ Development Rights and Additional FSI - Query Started By: - Vineet Agrawal Dated:- 25-1-2024 Last Replied Date:- 8-2-2024 Goods and Services Tax - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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