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Joint Development

Sameer Sheikh (Accountant) (57 Points)

28 August 2023

If 3 partners come together and purchase a land give it to Developer and take 37% as there share....Do GST is Applicable to Land Owner...
IF No which Section....IF Yes which Section

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3 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 28 August 2023

For the transfer of development rights by the landowner, the landowner needs to pay 18% GST. The value on which GST is paid is decided per CGST Rule 27 and Section 15 of the CGST Act

prasad Nilugal ( GST Practitioner & Accounts ) (14200 Points)
Replied 28 August 2023

After 1/4/2019 as per notification RCM applicable in case JDA (Joint Development Agreement ) , so please inform , Is it residential project or Commercial project or both ? . or take others opinion as well .