Hi ,
My Query is if TDR is transferred before 31.3.2019 but the project is ongoing project and continued after 1.4.2019.
What is the Rate applicable for transfer of TDR?
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Gst Rate On Development Rights
Replies (5)
good clarification and information
18%.
18% GST Rate is applicable
Sir, in Gst with respect to real estate transaction, if the joint development agreement has been done before 31.3.2019 and the project is the ongoing project and as per current notification, the developer is required to pay GST on development rights on reverse charge mechanism. The developer is going to give possession to the landowner after the completion certificate say 30.09.2019 the at what rate GST should be paid by developer under RCM for affordable housing? whether @ 1% or 18% ?
Tell me what is the time of supply for GST applicability in this case?
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