https://www.taxtmi.com/forum/issue?id=113423 Supply of property received in exchange for land under a joint development agreement attracts GST computed on the open market value of the property under rule 27(a) of the CGST Rules, 2017; the developer must charge GST on that open market value and remit it to the government. Capital gains tax implications are not addressed and require consultation with a tax expert or auditor. en-us Tue, 20 Feb 2018 20:34:08 +0530 Thu, 23 Jan 2025 15:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113423 Supply of property received in exchange for land under a joint development agreement attracts GST computed on the open market value of the property under rule 27(a) of the CGST Rules, 2017; the developer must charge GST on that open market value and remit it to the government. Capital gains tax implications are not addressed and require consultation with a tax expert or auditor. Discussion-Forum GST Tue, 20 Feb 2018 20:34:08 +0530 https://www.taxtmi.com/forum/issue?id=113423