GST Liability under JDA

296 views 1 replies
Where a land owner enter into JDA with builder having following terms:

Total flats 100

Flats to landowner 30

Flat sold before issue of cc or first occupation 63

Unsold flats in issue of cc 7

Sale consideration of flat nearest to date of development agreement 80 lakhs

Sale consideration of flat nearest to issue of CC 100 lakhs.


Tax payable lower of a or b


a. 80 lacs*30 flats*18%× 7 flats divided by 100 flats=30.24 lacs


b. 7 flats*100 lakhs*5%= 35 lacs.


Thus GST payable by builder under RCM will be 30.24 lacs.


Is this calculation is correct ?
Replies (1)
Not very correct.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details