Finance/Compliance Consultant
62257 Points
Posted on 19 January 2024
The promoter shall be liable to pay tax at the applicable rate, on reverse charge basis, on such proportion of value of development rights or FSI (Including additional FSI) or both, or upfront amount (called as premium, salami, cost, price, development charges or by any other name) paid for long term lease of land
https://www.taxmann.com/post/blog/gst-on-real-estate-tdr-fsi-and-long-term-lease-of-land/#:~:text=The%20promoter%20shall%20be%20liable,term%20lease%20of%20land%2C%20as