TaxTMI 
TaxTMI 
JDA signed in Feb 2023
Project completed in July 2026
Residential apartments
Builder has charged landlord 3.75% CGST and 3.75% SGST are abating 1/3rd of land owner transfer value.
Is the % applied correct? Request experts to confirm. Thanks
GST rate for land owner after completion of residential apartments
14 Jul 2026 
6 Replies 
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Joint development apartment valuation applies land abatement where the adopted value includes the landowner's undivided land share.
GST on residential apartments allotted to a landowner under a joint development agreement is discussed by reference to valuation based on similar apartments sold to independent buyers. Where the adopted value includes land or an undivided share of land, tax may be charged at 3.75% CGST and 3.75% SGST after a one-third land deduction. The land component is treated as outside GST under Schedule III, while the developer's tax responsibility for the respective shares depends on the agreement terms. (AI Summary)
GST on residential apartments allotted to a landowner under a joint development agreement is discussed by reference to valuation based on similar apartments sold to independent buyers. Where the adopted value includes land or an undivided share of land, tax may be charged at 3.75% CGST and 3.75% SGST after a one-third land deduction. The land component is treated as outside GST under Schedule III, while the developer's tax responsibility for the respective shares depends on the agreement terms. (AI Summary)