Is gst payable
This query is : Resolved
30 October 2017
Under a joint venture agreement if the developer agrees to give the land owner a certain amount of constructed area. Where in the government value of land is more than the government value of the constructed area that will be allotted to the land owner. In this case is gst payable ?
30 October 2017
GST payable on the value of land treating it as advance paid for the constructed area.
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