If A builder redevelop a building of existing owners and after development builders sales extra flats to others and existing owners get area more than before development they have.
Is this extra area given without consideration to tenants subject to gst ? If yes than on what value?
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Gst on free space given to tenants
Replies (1)
There is a non- monetary consideration involved. Builder is giving land and you are providing flats in exchange after construction. So GST is to be discharged!
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