CBIC notifies exemption on transfer of TDR/FSI, upfront premium, amends CGST Rules

CBIC notifies exemption to service by way of transfer of development rights (TDR) or Floor Space Index (FSI) on or after April 1, 2019 for construction of residential apartments by a promoter in a project, intended for sale to a buyer except where entire consideration has been received after issuance of completion certificate; Also notifies exemption on upfront amount (called as premium, salami, cost, price, development charges or by any other name) payable in respect of serv...