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JOINT LAND DEVELOPMENT

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(Querist)
13 February 2023 CAN WE CLAIM SHARE OF LAND MORE THAN 1/3 RD IN JOINT LAND DEVLOPMENT AGREEMENT ?

IF SHARE OF LAND MORE THAN 1/3RD I.E. 60 %
GST IS PAYABLE ONLY 7.2 % (40% OF 18) IS IT CORRECT
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 February 2023 1. Yes.
2. Whatever way you calculate net amount will be same.
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suresh s. tejwani

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suresh s. tejwani (Querist)
13 February 2023 IT MEANS TOTAL VALUE 1 LAKH. 60% SHARE OF LAND THAT IS 60,000
HENCE GST {40,000 *18 PENCENT=7,200} IS IT CORRECT ?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
13 February 2023 You may be able to now. There are certain conditions for it and there is a favourable judgement for it also.

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