GST on TDR proportionate to commercial apartments in RREP

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..... Hi, While GST exemption on Transfer of Development Rights (TDR) apply to sold residential apartments, they do not extend to commercial apartments. However, in the context of a Residential Real Estate Project (RREP), commercial units are treated similarly to residential units. Why, then, is there a differential treatment in GST between residential and commercial units with regard to TDR exemptions? .....

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..... - Reply By Shilpi Jain - The Reply = Agreed. It looks like this has been missed. This is adding on to the cost since one would not get credit for the GST paid on TDR for these commercial units in RREP. Additionally, I think the Government should make TDR for commercial units (whether REP or RREP) same as for residential units i.e. 5% only on unsold and not give credit since there is a lot of hass .....

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..... el in having to pay 18% GST on TDR and that too only by using electronic cash ledger and then take credit. So a representation through associations is the need of the hour for these kind of issues which can bring some attention to these issues and some sensible solutions. - Reply By Narayan Pujar - The Reply = Thank you for your response, Ma'am. One not so related question. In a JDA, a landown .....

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..... er transfers the development rights to developer in exchange of newly constructed apartments. However, the other day I saw an agreement wherein the landowner has sold the land itself in exchange of apartments/shops. Why are not such agreements popular as the JDAs? Does it have any parallel implications in other laws? - GST on TDR proportionate to commercial apartments in RREP - Query Started By: .....

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..... - Narayan Pujar Dated:- 12-11-2024 Last Replied Date:- 14-11-2024 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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