TMI BlogVALUATION OF CONSTRUCTION SERVICEX X X X Extracts X X X X X X X X Extracts X X X X ..... What will be the valuation of Construction Service of area handed over by Developer to Landowner at the time of Completion Certificate or Occupation Certificate?? - Reply By Shilpi Jain - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Value would be the sale value of any unit in the project closer to the date of JDA less 1/3rd (deemed value of land) - Reply By ABHISHEK TRIPATHI - The Reply = Dear Sh. Naman Ji, Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11/2017 (Rate) , creates a deeming provision in respect of the value of the land. In my view, deeming 1/3rd of the value is contrary to the valuation provisions. In most cases, the value of the land e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xceeds 33.33%. According to the notification, if your supply is INR 100, the supply of service will be 66.67 and the land value will be 33.33%. Such straightjacket approach of the notification is agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nst the valuation provisions. The same contention was raised in Munjaal Manishbhai Bhatt v Union of India - 2021 (1) TMI 1095 - GUJARAT HIGH COURT [I think its pending before Hon ble Gujara ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t HC]. - VALUATION OF CONSTRUCTION SERVICE - Query Started By: - NAMAN DOKANIA Dated:- 10-6-2021 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st 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
|
