Taxability of Transfer of Development Rights – The Conundrum Continues
Taxability of Transfer of Development Rights (‘TDR’) was a highly debated issue in the erstwhile regime. While the tax authorities claimed service tax on TDR, the taxpayers contested the same basis that it does not constitute a service and thus not leviable to tax. Though the issue evoked considerable interest under the erstwhile regime, the applicability of GST on TDR is still an open issue.
In this context, find attached our article titled “Taxability of Transfer of Development Rights – The Conundrum Continues” authored by our Partner, Mr. Dharnendra Kumar Rana and Associate, Ms. Anshika Agarwal.