Regarding gst rules on developer agreement
This query is : Resolved
08 December 2017
Dear Sir
There is an agreement between a landowner and developer for development of landowner's property. On completion of the project, the developer handed over the landowner's share to him. I wish to know whether the landowner is liable to pay any GST in case he is not selling his share to any third party?
There is an agreement between a landowner and developer for development of landowner's property. On completion of the project, the developer handed over the landowner's share to him. I wish to know whether the landowner is liable to pay any GST in case he is not selling his share to any third party?
09 December 2017
Land owner is liable to pay GST on value of his share of flats excluding land value at 18%.
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