Rate of GST on Landlord liability on JDA

[Ravikumar Doddi]

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 advances from prospective buyers.

AI Summary

GST on development rights: liability arises on transfer of possession and advances taxed at the time of supply.
Supply of development rights or construction services under a joint development agreement is taxable as a service, with tax liability arising when the developer transfers possession or rights in the constructed property by a conveyance deed, allotment letter or similar instrument. Advance payments from buyers do not become taxable consideration on receipt; they are treated as consideration and attract GST only at the time of supply as determined by the time-of-supply provisions.