GST Liability under JDA

297 views 1 replies
Where a land owner enter into JDA with builder having following terms:

Total flats 100

Flats to landowner 30

Flat sold before issue of cc or first occupation 63

Unsold flats in issue of cc 7

Sale consideration of flat nearest to date of development agreement 80 lakhs

Sale consideration of flat nearest to issue of CC 100 lakhs.


Tax payable lower of a or b


a. 80 lacs*30 flats*18%× 7 flats divided by 100 flats=30.24 lacs


b. 7 flats*100 lakhs*5%= 35 lacs.


Thus GST payable by builder under RCM will be 30.24 lacs.


Is this calculation is correct ?
Replies (1)
Not very correct.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details