Hi,
I have come across a transaction wherein the JDA has been entered in Pre-GST regime but the construction has been commenced and completed after 1-4-2019 [during new GST regime for real estate].
How will tax on the following be treated?
1. GST on development rights.
2. GST on construction services to landowners.
3. GST on sale of apartments to customers.
Will all or any be covered in ST with no implication under GST as the agreement was entered in Pre-GST?
Joint Development Agreements Navigating Complex GST Landscape: Tax Treatment Challenged by Pre and Post-Implementation Timing A discussion forum explores GST implications for a Joint Development Agreement (JDA) initiated pre-GST but completed post-GST implementation. Participants debate tax treatment for development rights, construction services, and apartment sales. Key perspectives include potential exemptions for pre-GST agreements, GST applicability based on project completion timing, and varying interpretations of tax liability across different legal rulings and jurisdictions. (AI Summary)
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