Question ID :
40424
GST ON JOINT DEVELOPMENT AGREEMENT
WHETHER GST LIABLE ON JOINT DEVLOPMENT AGREEMENT?? IF YES THEN WHO IS LIABLE TO PAY AND ON WHAT VALUE IT IS PAYABLE??
Posted by
Ninad Prataprao Shete
on
Oct 10, 2019
Filed Under
GST
in case of JDA land owner provide the service to developer or builder in the form of transfering the development rights, and developer builder provide the construction service on to land owner, these two are the separate services so landowner will pay the gst on transfer of development rights and builder will pay gst on construction services.
Posted by
GANESH KESHAO NIKAM on
Oct 13, 2019
Answer ID :
80229
Tax on development right and on the construction service - payable by the developer.
Value is 1st sale value closer to the date of the JDA
Rate of tax - construction service - 5% (residential) or 12% (commercial)
I am assuming JDA is post 31.3.19. If not then need to get further facts to answer
Posted by
CA. SHILPI KATARIYA on
Nov 13, 2019