SAC code 997231 — Services by way of grant of development rights, FSI or addit
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Services by way of grant of development rights, FSI or additional FSI
Services provided by real estate developers or landowners when they grant development rights, floor space index (FSI), or additional FSI to another party. This typically involves allowing someone else the right to construct or develop on a property in exchange for consideration.
current gst rate
| igst | cgst | sgst | condition |
|---|---|---|---|
| 0% | 0% | 0% | S.No 16(ii): (ii) Supply of land or undivided share of land by way of lease or sub lease where such supply is a part of composite supply of construction of flats, etc. specified in the entry in column (3), against serial number 3, at |
| 18% | 9% | 9% | S.No 16(iii): (iii) Real estate services other than (i) and (ii) above. |
source: 11/2017-Central Tax (Rate) · effective 2017-06-28 · rate inherited from 9972 · all codes at 18%
gst calculator — pre-filled with this rate
products commonly classified here
development potential transferbuilding rights grantadditional FSIdensity rightsdevelopment rights transferFSI grantplot development rightsTDR servicestransferable development rights
sibling codes
- 997211Rental or leasing services involving own or leased residential property
- 997212Rental or leasing services involving own or leased non-residential property
- 997213Trade services of buildings
- 997214Trade services of time-share properties
- 997215Trade services of vacant and subdivided land
- 997219Other real estate services involving owned or leased property
- 997221Property management services on a fee or commission basis or on contract basis
- 997222Building sales on a fee or commission basis or on contract basis
- 997223Land sales on a fee or commission basis or on contract basis
- 997224Real estate appraisal services on a fee or commission basis or on contract basis
- 997229Other real estate services on a fee or commission basis or on contract basis
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compiled from official sources · not tax advice · verify with your tax advisor before filing