GST calculation for multi floor commercial building delivered by builder as part of JDA

Network (Self Employed) (44 Points)

18 February 2024  

Facts:

  • 5 floor commercial building delivered to landlords under JDA agreement by builder. GST to be paid since occupation certificate certificate received by landlords from local govt authority
  • Per sqft price differs from each floor to floor

Question:

If the entire GST to be paid by landlords is to be calculated based on per sqft price of ground floor then it will overstating the value of the delivered property and hence a very high GST amount to be paid. 

  • How should the value be calculed for the purpose of paying GST ?
  • Are there any case laws of any tribunals or high court dealing with this subject matter ?

 

Kindly provide guidance.