1) Land 5130 sqft.
2) Guidelines value for land is
Rs 9050/- per sqft.
3) 4 flats to be constructed.
4) Land owner share 3 flats & developer 1 flat.
5) JV constructed area 9000 sqft
6) Saleable Cost per sqft is Rs 14500/- sqft.
What will be GST for landowner's share ?
Menu
GST - Is it based on per sqft rate sold by developer after deducting uds value based on guideline value
Replies (1)
Landowner is not liable to charge GST if he is receiving the accomplished flats and then only he sells the flats.
regards
Kanj Goel
regards
Kanj Goel
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
