TMI BlogRate of GST on Landlord liability on JDAX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, Registered person has entered JDA with the builder in the year 2018 and in that Landlord portions was already marked, now the project was commenced 2019 site formation etc, what is the liability(rate of tax) of the landlord on their portion of the flats earmarked in JDA and landlord is liability to pay(rate of tax) on construction service rendered by builder. Now Landlord getting advan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces from prospective buyers. - Reply By Rajagopalan Ranganathan - The Reply = Sir, As per Notification No. 4/2018-Central Tax (Rate) dated 25-01-2018 (a) registered persons who supply development rights to a developer, builder, construction company or any other registered person against consideration, wholly or partly, in the form of construction service of complex, building or civil struc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ture; and (b) registered persons who supply construction service of complex, building or civil structure to supplier of development rights against consideration, wholly or partly, in the form of transfer of development rights, as the registered persons in whose case the liability to pay central tax on supply of the said services, on the consideration received in the form of construction serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice referred to in clause (a) above and in the form of development rights referred to in clause (b) above, shall arise at the time when the said developer, builder, construction company or any other registered person, as the case may be, transfers possession or the right in the constructed complex, building or civil structure, to the person supplying the development rights by entering into a conve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yance deed or similar instrument (for example allotment letter). The provision is same under Notification No. 04/2018-Integrated Tax (Rate) dated 25.01.2018 . According to Notification No.11/2017-Central Tax (Rate) dated 28.06.2017 (Sl. No. 3) the rate of gst is 9% CGST and 9% SGST. - Reply By Himansu Sekhar - The Reply = Sir, what will happen in the following situation A govt. Author ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity a regs. Person transfers development rights to a developer on receipt of consideration during s.tax period. The developer paid him in cash. The buildings completed in gst period. Whether the developer will pay any gst for the considerations received during s.tax period. - Reply By Ravikumar Doddi - The Reply = Dear sir, What is the liability of GST as the Landlord is getting advances during ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the current year period 2019-20 of his portion of flats in the JDA as the construction will complete over a period 3-4 years - Reply By KASTURI SETHI - The Reply = Pl. go through this decision of AAR. It throws light on your issue 2019 (20) G.S.T.L. 184 (A.A.R. - GST) = 2018 (12) TMI 534 - AUTHORITY FOR ADVANCE RULINGS, KARNATAKA IN RE : NFORCE INFRASTRUCTURE INDIA PVT. LTD. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By KASTURI SETHI - The Reply = Advance amount cannot be treated as consideration. Advance is subject to finalization. Advance is subject to 'time of supply'. Advance amount taken from receiver of service takes the form of 'consideration' at the time of supply of service.GST is applicable. - Rate of GST on Landlord liability on JDA - Query Started By: - Ravikumar Doddi Date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d:- 3-9-2019 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - 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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