• Registered Users :
  • 159581
  • Current Active Users :
  • 101306

Post your Answer

(*) Fields are mandatory.

Answer Details

Question ID : 36887

GST on sale of plotted and developed land

Taxpayer has purchased land. He will do plotting of the same (sub-plots , internal roads , lighting, garden etc). Then he will sell the plots to buyers who can then construct units on their plots. Ques: 1. Is it taxable in GST if plots are sold before completion? 2. If yes, what value is to be adopted? 1/3 abatement is unfair since majority cost if land 3. Can 2 agreements be made: 1 for sale of land (no GST), 1 for development (with applicable GST)? (transaction value can hold since no related party customers)

posted by Gaurav S Kenkre on Dec 11 2018 12:00AM

Max 4000 Characters

Membership Detail