Client received TDR certificate in lieu of land surrendered to the competent authority.
1. Whether GST is applicable on sale of such TDR Certificate ? If yes then under what provision and rate of GST?
2. Valuation of such TDR certificate for purpose of GST?
3. Whether 50C of income tax act is applicable in such case?
Note - This question is in respect of Transferable development right certificate and not on Transfer of Development rights
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