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Joint Development Agreement, Goods and Services Tax - GST |
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Joint Development Agreement |
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Land owner entered into Joint Development Agreement(JDA) on 28/06/2016 with developer of residential plot. As per agreement payment is made to land owner once the full consideration received from customer. Full sales consideration received from customer on 08/02/2019 and then the developer pay to land owner as per JDA. Is GST applicable to land owner @ 18% on amount paid by developer to land owner. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Please refer to Notification No. 4/2018-Central Tax (Rate) dated 25-01-2018 in this respect. GST @ 18% would be applicable on the amount paid by developer to Land Owner Page: 1 Old Query - New Comments are closed. |
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