GST on supply of construction service to land owner in lieu of transfer of development rights

In re M/s Teamview Developers LLP (GST AAR Karnataka) 1. The tax rate applicable on the supply of construction service to the land owner in lieu of transfer of development rights to the promoters portion is liable to tax at 9% under CGST and 9% KGST under entry no. 3(xii) of the Notification No.11/2017 — Central Tax (Rate) dated 28.06.2017 as amended by Notification No. 3/2017-Central Tax (Rate) dated 29.03.2019. The applicant is eligible for input tax credit on the same. 2. Since the applicant is capitalizing his portion of the building as an immovable property, the applicant is not eligibl...