a)Whether GST is leviable on sale of Transferable Development Rights (‘TDR’)/ Floor Space Index (‘FSI’) received as consideration for surrendering the joint rights in land in terms of Development Control Regulations and granted in light of the article of agreement dated 18 December 2017 entered between the Applicant and Pune Municipal Corporation (‘PMC’) read with Development Control Regulations?
b)If yes, what will be classification under GST and what will be applicable rate of GST?
States/UT
Order No. & Date
GST/ARA/40/2019-20/B- 06 , Mumbai, dated 15.01.2020
Order date
15-01-20
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Category
97(2)(a)(e)& (g)
Year