Transfer Development Rights Not Taxable Under GST When Developer Exchanges Construction Rights for Built-Up Units
Case-Laws
GST
HC held that the transfer development rights (TDR)/floor space index (FSI) under entry 5-B cannot be interpreted to include development agreements where a developer obtains construction rights in exchange for transferring certain built-up units. The specific development agreement dated 07.4.2022 between the parties did not fall within the scope of the GST notif
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