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Form 3 under Joint Development
similarly whether landowner while selling flats allocated to him to customers , should charge gst on sales price
Replies (23)
similarly whether landowner while selling flats allocated to him to customers , should charge gst on sales price
No, because it do not fall under supply, as per GST act.
sir, can I get circular/notification where developer has to pay gst on flats allocated to landowner
sir, on what amount and when developer is liable to pay gst on flats allocated to landowner
Here......... It means the Developer is liable to pay the GST to the treasury, by collecting the same from landowner; as the responsibility to pay GST (to Government) is on supplier.
Rest of the things are clarified in the notification & in the article........
sir thanks , very good advise and clarification
My Pleasure.........
Sir,
In case of Form 3 of Developers of a Joint Development Agreement where land owner will share in constructed property. what should be the cost of land ?
Whether the unit sale price of the units which are to be given to land owners will be the cost of land ? Plz clarify.
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