My client have entered in a joint development agreement of his land on the percentage of revenue sharing basis. On which developer is making commercial property .
In this case what will be GST liability of my client as land owner for transfer of development right.?
Will it be taxable under RCM?
What will be the point of taxation?
What will be the taxable value?
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GST on Joint Development Agreement
Replies (1)
These case gets covered under RCM. The buyer (recipient of supply) is liable to diuscharge GST in these case . Hence the owner of the land is not liable for any liable for GST.
Further Place of Supply in these case shall be the location of Property unless it is located outside India.
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