Where TDRs are taxable under GST Regime in case of builders?, Goods and Services Tax - GST

[Mehak Malhotra]

GST excludes sale of land from its ambit ?

But Transferable Development Rights are right to the use of land for the development. Is this covered under gst ?

Secondly,

If this is covered under GST will this be eligible for Credit ?

Posts / Replies

[KASTURI SETHI]

Dear Querist,

Yes TDRs are taxable under GST. These fall under declared supplies mentioned in Schedule-II of Section 7 CGST Act under Serial No.1 & 2--Transfer and Land & Building. GST @18% will be applicable with Full ITC. This is my interpretation and analysis.

[KASTURI SETHI]

SAC for TDR 999799 @18%.