SEO Sai Gr. Hosp.
208190 Points
Joined July 2016
"A person having share in ancestral plot of land and now he want to develop a land and want to build a residential projects And for that he purchase shares in that plot of land from his relatives. Against purchase he paid compensation as well as gives 4 flats to his relatives In such case, who will pay gst on transfer of such flat to his relatives."
Liability arises over the developer, so he should collect it from other land owners and pay it to treasury.
"And similarly whether is there any gst applicable on compensation paid to his relatives and if yes, who is liable to pay gst."
Same as above, the value of supply increases to that extent.