Whether GST applicable on Development right transfer by Landlord to Contractor
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 17 January 2019
Its other way round.
GST applicable over development of plot by builder over the flats issued to landowner.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 17 January 2019
| Originally posted by : Dhirajlal Rambhia | ||
 |
Its other way round. GST applicable over development of plot by builder over the flats issued to landowner. |
 |
It means the Landlord is liable to pay GST equivalent to the amount of flats received by landlord
Not on Stamp Duty value of Land
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 17 January 2019
Dear Sir
I have one confusion in this case related to the Time of Supply of Development right (DR)
That TOS is arising on DR has given or Flats received
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 January 2019
when the conveyance deed is made
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 18 January 2019
| Originally posted by : Pankaj Rawat | ||
|
when the conveyance deed is made | |
Conveyance Deed is made when Development right was given to builders at the time right given
How to calculate Flats Value which is received
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