GST Application on Plotted Development under JDA by CA Venugopal Gella and CA Rajesh Kumar T R
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- เผยแพร่เมื่อ 5 ต.ค. 2024
- CA Venugopal Gella, Senior Partner, Venu & Vinay, Chartered Accountants and CA Rajesh Kumar T R, Partner, Venu & Vinay took part in the webinar on "GST Application on Plotted Development under JDA" organized by RERA Consultants LLP on 30.3.2023 #rera #gst
Very detailed analysis thanks
Respected sir, sale of Plot by Landowner before completion certificate attract GST?? if yes Landowners need to take compulsory registration, pls clarify my doubt sir
sale of plot is not in GST
Sir, I have a query Whether GST on transfer of development rights by landowner to Developer for converting a piece of land into developed plots (only not flat or building) is applicable? if yes please make a detailed video alongwith full clarifications and case laws. Thanks you 🙏🙏
There is no Development Right taxation, but the developer has to pay WorksContract service GST for this activity
@@gella_venugopal Sir, GST on the Development Work carried out by promoter/developer on land of others under Joint Development Agreement (JDA) for development of plotted residential project, in which the consideration for same is received in form of certain developed plots (area sharing arrangements) or revenue sharing arising from the sale of developed plots.
Under the said model, there are two services flowing, one from Developer to Landowner in form of construction services and other in form of Transfer of Development Rights (TDR) from Landowner to Developer. Hence, TDR is should be taxable in such scenario @18%
@@prashantsanas12 plotted development is different from construction of Apartment...
@@gella_venugopal Sir, how it is different, please tell me. Whether Landowners are not providing services in the form of Transferring Development Rights to Developers, will it not be considered as a services?
@@prashantsanas12kay problem ahe.. reply me
Sir, what shall be the hsn code for construction services provided by the developer to landowner at 5℅ or 1℅ gst rate?
it is the same as sevice provided to endcustomer...9954 series
@@VenuVinay Sir, with regards to these construction services we should be charging 1.00/5.00% gst and then will the same shall be eligible to the landowner as input tax credit. Can the landowner claim credit on the gst chargeable on sale of his units allotted?
Sir can you please share the PPT??
write to bd@vnv.ca