TMI BlogValue of Development Rights in the hand of land owner promoter for discharge of GST under RCMX X X X Extracts X X X X X X X X Extracts X X X X ..... In formula prescribed under first proviso to Entry 41A of Notfication 12/2017 - the Revenue vide F.No/354/32/2019 -dated 14/5/2019 has clarified that GST shall b e payable @ 18% on Development rights ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . What value shall be adapted by the developer towards Value of Development Rights for discharge of liability under RCM? vis a vis the formula ie GST payable on TDR or FSI (including additinal FS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I) or both for construction of the project * carpet area of residential apartments / total carpet area of residential and commercial apartment in the project Regards Hubert - Reply By Shilpi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jain - The Reply = For determining that value one could refer to the valuation rules, rule 27 i.e. open market value of the development rights if not available then value of development service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received from the developer Else cost + 10%. - Value of Development Rights in the hand of land owner promoter for discharge of GST under RCM - Query Started By: - hubert fernandes Dated:- 11-3- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2023 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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