05 May 2022
Mr. X is landlord and Mr. Y is builder They have entered in to Joint Development Agreement Mr. Y will Construct total 10 flats (7+3) 7 for builder and 3 for land lard Here builder has to pay GST on all flats (7+3) Each flat sale value is 15,00,000
doubt: here builder will collect consideration for 7 flats due to he directly sales to customers and he can pay GST and he shows as sales in GSTR1 and GSTR3B
he is ready to pay GST on remaining 3 flats but he did not take any consideration from landlord, then where we can show this transation in GST Return
05 May 2022
Raise 18% GST tax invoice on land owner on 15 lacs less land value as construction cost . Show it in GST return as construction services provided.
CAclubindia
