Whether development of land under Joint Development Agreement (JDA) constitutes a supply under GST?
Society is under redevelopment in which assessee is a flat owner . Assessee is to receive larger flat (with additional area of say 500 sq feets) against old flat, out of 500 sq feets assessee is relinquishing rights on 200 Sq Feets to developer against a consideration. Taxability of such consideration ??Click here to view / answer Share it on
The assessee is a partnership firm engaged in construction activity. In has purchased land during the year 2006-07, and has started construction in 2012 and has done work to the extent of Rs. 50,00,000. Later on due to funds scarcity, it has entered into a development agreement with other company for the construction of flats in 2014. Construction was completed in the year 2018 and land owner has received his share of flats and started selling its share. How to treat the same in the books of landowner who is engaged in same business. Whether to calculate capital gains or business income. Kindly explain.Click here to view / answer Share it on
WHETHER GST LIABLE ON JOINT DEVLOPMENT AGREEMENT?? IF YES THEN WHO IS LIABLE TO PAY AND ON WHAT VALUE IT IS PAYABLE??Click here to view / answer Share it on
Kindly tell me some benefits of Real Estate Regulation and Development Act for Buyers as well as Builders and its effect on Indian Economy.Click here to view / answer Share it on
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