https://www.taxtmi.com/circulars?id=56151 Construction services for buildings and complexes intended for sale are taxable under the notified construction services entry. If the transaction value includes transfer of land or undivided share, a deemed deduction for land (one third of the value) is allowed irrespective of the actual land value, but only when there is an actual transfer; no deduction applies where land or undivided share is not transferred. Joint venture projects between developers and landowners qualify for the deemed deduction, but units transferred by the developer to the landowner do not. en-us Tue, 19 Sep 2017 00:00:00 +0530 Wed, 20 Sep 2017 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56151 Construction services for buildings and complexes intended for sale are taxable under the notified construction services entry. If the transaction value includes transfer of land or undivided share, a deemed deduction for land (one third of the value) is allowed irrespective of the actual land value, but only when there is an actual transfer; no deduction applies where land or undivided share is not transferred. Joint venture projects between developers and landowners qualify for the deemed deduction, but units transferred by the developer to the landowner do not. Circulars GST Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56151