TMI Bloggst rate applicability on development of apartmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, In case of real estate, land owner gives development rights to the developer/builder to develop the land owned by the landowner. The built up area of the complex/apartment shall be shared by the land owner and the builder upon an agreed ratio. In such case, What would be the gst rate applicable on the share of landowner as well as on direct sale of builder to others ? In this case, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... what would be the eligibility of ITC on the purchases of materials for construction to the builder ? What are the gst applicability in joint development agreement ? and If the land owner and construction of the appartments are the same, what gst rate cab applicable on sale of such appartment/complex ? Please clarify with related provisions and notifications. - Reply By Alkesh Jani - The Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = Sir, Please refer Notification No. 04/2018-CGST (Rate) dated 25/01/2018. - Reply By RameshBabu Kari - The Reply = Dear Alkesh Jani , My question is not about time of supply. The query is very specific to the rate of gst which can be applicable on sale of apartment and does the same rate applicable to landowner for his share ? - Reply By Alkesh Jani - The Reply = Sir, Answer is yes, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as the supply against the consideration. - Reply By Ganeshan Kalyani - The Reply = 18% rate. - gst rate applicability on development of apartments - Query Started By: - RameshBabu Kari Dated:- 19-2-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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