Poonawalla fincorps
Poonawalla fincorps

Regarding gst rules on developer agreement

This query is : Resolved 

08 December 2017 Dear Sir

There is an agreement between a landowner and developer for development of landowner's property. On completion of the project, the developer handed over the landowner's share to him. I wish to know whether the landowner is liable to pay any GST in case he is not selling his share to any third party?

09 December 2017 Land owner is liable to pay GST on value of his share of flats excluding land value at 18%.



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