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?
Menu
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.
Recent Topics :
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
