Developer's Land-Transfer Deal Triggers Full GST Liability Under Joint Development Agreement with One-Third Land Value Deduction
Case-Laws
GST
The AAR determined that the developer-promoter's transaction involving undivided share of land and constructed residential units does not qualify as a “sale of land” under Item No. 5 of Schedule III of CGST Act. The Joint Development Agreement and subsequent sale of apartments attract GST liability. Despite the applicant's contention that the com
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