registered persons where the obligation to pay central tax on the provision of those services, the consideration for consideration, in the form of works referred to in point (a) and in the form of development rights referred to in point (b), is established at the time when that developer confers on the developer ownership or right of the built complex; Building or work by the conclusion of a deed of transfer or similar instrument (e.g. B letter of allocation) to the person granting the development rights – the landowner must also be registered in accordance with the GST and must be required to pay GST@18% of the 2/3 value of the dwellings he has received from the client. The effective interest rate would be 12%. The value of the land is 1/3 of the total value. If the total value is Rs.100, then the value of the country would be 33.33, although the real value of the country is Rs.50. Yes, the GST applies to JDA, since the consideration is paid to the client before the completion of the construction, so that the GST is paid at 12% of the value of the construction. 2. It is the responsibility of the developer to remove the GST from the landowner on behalf of the Government. Value of the construction service + cash payment paid in advance by the contracting authority The AAR found that the taxpayer`s main competence lies in the transformation of gross land into a well-developed residential complex and not in the sale of land. Activities include surveying the country, establishing a detailed map of the proposed layout, evacuating/leveling the site, carrying out road construction, designing and creating common amenities, etc.
The activity of selling the land is ancillary to the main activity of land development. In addition, several provisions of the agreement indicate that the taxpayer has no right to the land and is therefore not involved in the sale of land in accordance with the entry number. 5 of List III of the CGST Act. Consequently, the activities constitute a provision of services to The Hague and are subject to the GST. With regard to valuation, Rule 31 of the CGST is applicable and the value of the delivery is 25% of the market value of each property received by the taxpayer. In the previous update, we applied with the ability to control joint development agreements under the GST regime. With this update, we would like to list the provisions relating to the delivery date and the evaluation of the service with regard to joint development contracts. It is important to mention that there is no explicit provision for joint development agreements. Therefore, the delivery date is determined on the basis of the most appropriate clause. .