Realtors may get GST relief on development rights

CHENNAI: A new service tax ruling may offer  real estate developers relief on the Goods & Services Tax ( GST ) liability on transfer of rights in a property for development purposes (TDR). Ruling in favour of DLF Commercial Properties, a decision by Chandigarh tribunal last week held that an owner transferring rights to a promoter to develop his property should be seen as ‘benefits arisin…