Sale of land by power of attorney
This query is : Resolved
16 April 2021
A Partnership Firm dealing in sale of land by taking ''sale and development power of attorney'' from land owners.
The Firm is doing the following activities :
1. Took ''Sale and development power of attorney'' from land owners.
2. Developed land ( Here Development means only provide boundary, Filled up land with soil and ashes, clean bushes etc.
3. Sold land as capacity of attorney.
4. As per agreement or Sale and development power of attorney the firm takes the Consideration from buyer and transfer it to the seller.
My queries is
1. What are the Gst Provision applies to the Firms . ( Firm Took Gst Registration)
2. is Gst liability arised on the Firm .
3. If Liable how to calculate it.
Please help and guide me how to deal with it.
The Firm is doing the following activities :
1. Took ''Sale and development power of attorney'' from land owners.
2. Developed land ( Here Development means only provide boundary, Filled up land with soil and ashes, clean bushes etc.
3. Sold land as capacity of attorney.
4. As per agreement or Sale and development power of attorney the firm takes the Consideration from buyer and transfer it to the seller.
My queries is
1. What are the Gst Provision applies to the Firms . ( Firm Took Gst Registration)
2. is Gst liability arised on the Firm .
3. If Liable how to calculate it.
Please help and guide me how to deal with it.
Message likes :
1 times
20 November 2021
18% GST levied over development charges.
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