Form 3 under Joint Development
Page no : 2
Satish Kavitake
(389 Points)
Replied 09 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177768 Points)
Replied 09 May 2018
No, because it do not fall under supply, as per GST act.
Satish Kavitake
(389 Points)
Replied 09 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177768 Points)
Replied 09 May 2018
Satish Kavitake
(389 Points)
Replied 09 May 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177768 Points)
Replied 09 May 2018
Here......... It means the Developer is liable to pay the GST to the treasury, by collecting the same from landowner; as the responsibility to pay GST (to Government) is on supplier.
Rest of the things are clarified in the notification & in the article........
CA Ruchir Jayantbhai Desai
(Chartered Accountants)
(53 Points)
Replied 04 October 2018
Sir,
In case of Form 3 of Developers of a Joint Development Agreement where land owner will share in constructed property. what should be the cost of land ?
Whether the unit sale price of the units which are to be given to land owners will be the cost of land ? Plz clarify.
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