Transferable Development Right (TDR) certificate

This discussion clarifies the Goods and Services Tax (GST) implications when a client receives a Transferable Development Right (TDR) certificate in exchange for surrendered land. It delves into whether GST applies to the sale of these certificates, the relevant provisions and rates, and how to value them for GST purposes. The query also touches upon the applicability of Section 50C of the Income Tax Act in such scenarios.