TMI BlogGST ON UNIT DISTRIBUTION BETWEEN PARTNERS IN SINGLE AGREEMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... Querry : Fact of the case : One of my client is a Developer. It is a Partnership Firm, which undertook Project of Construction of Raw Houses. Now Project is almost complete but it will take time to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... get OC from Municipal Corporation. Now Partners have decided to distribute the unsold Row Houses in a Single Deed of Distribution . They are distributing total 5 Row Houses between 3 Partners. Each R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ow House Area is less than 60 Sq Mtrs Carpet Area and Value Less Than ₹ 45 Lakhs. But in Aggregate (Total of 5 Row Houses) Area Exceeds 60 Sq. Mtrs Carpet Area and Value Exceeds ₹ 45 Lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . All 5 Row Houses distributed in a Single Deed of Distribution. Now my question is : 1. Rate of GST Applicable ? 1% or 5% ? 2. What if we mention in agreement Carpet Area and Value of Each Row Hou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se Separately ? Will the GST Rate Change ? - Reply By Shilpi Jain - The Reply = The rate of tax would be 1% as the affordable residential appartment def. has to be seen per unit. - Reply By Kalpes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Shah - The Reply = Thank you for Clarification - GST ON UNIT DISTRIBUTION BETWEEN PARTNERS IN SINGLE AGREEMENT - Query Started By: - Kalpesh Shah Dated:- 14-10-2020 Goods and Services Tax - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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