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GST Payable on TDR, Goods and Services Tax - GST

Issue Id: - 118496
Dated: 21-4-2023
By:- hubert fernandes

GST Payable on TDR


  • Contents

In as area sharing model and In terms of Notification 04/2019 dated 29/3/2019 in the formula for the amount of GST exemption what constitutes the GST PAYABLE ? whether the GST payable amount has to be restricted to the land owners area or the entire area in the project. Please provide clarity on the subject as per statue or any case laws or advance rulings.

Regards

Hubert

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Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 22-4-2023
By:- Shilpi Jain

TDR is generally considered to be given to the extent of the share of the Developer.

On the Landowner's share - only construction is done by the Developer and it is handed over back to the Landowner.


2 Dated: 22-4-2023
By:- hubert fernandes

Thank you madam.

So first the GST Payable has to restricted and computed on the Builders area and then all the calculations as per Notification 04/2019 dated 29/3/2019 shall follow.

Would appreciate if there are any advance rulings on the said interpretation.

Regards


3 Dated: 24-4-2023
By:- hubert fernandes

Page: 1

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