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Can gst applicable on builder transfer flat to land owner

Can gst applicable on builder transfer flat to land owner

Reply

Yes, builder is liable to pay GST on the value of building constructed and handed over to the land owner in terms of the Joint Development Agreement.

Refer advance ruling— M/S. NFORCE INFRASTRUCTURE INDIA PVT. LTD, Advance Ruling Authority Karnataka dated 28.11.2018.

Can gst applicable on builder transfer flat to land owner

Can gst applicable on builder transfer flat to land owner

Reply

Yes, builder is liable to pay GST on the value of building constructed and handed over to the land owner in terms of the Joint Development Agreement.

Refer advance ruling— M/S. NFORCE INFRASTRUCTURE INDIA PVT. LTD, Advance Ruling Authority Karnataka dated 28.11.2018.

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Can gst applicable on builder transfer flat to land owner

Can gst applicable on builder transfer flat to land owner

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