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    <title>Gst applicability to land owner and developer</title>
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    <description>GST applies to supplies made pursuant to contracts entered into before the appointed day where performance or receipts occur after that day; amounts on which VAT or service tax was already paid should be deducted when computing GST on post appointed day consideration. In development agreements allocating constructed flats and tax burdens between developer and landowner, receipts received after the appointed day are chargeable to GST to the extent not covered by prior indirect tax, while antecedent service tax treatment of transfer of development rights should be checked against relevant circulars.</description>
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      <title>Gst applicability to land owner and developer</title>
      <link>https://www.taxtmi.com/forum/issue?id=115601</link>
      <description>GST applies to supplies made pursuant to contracts entered into before the appointed day where performance or receipts occur after that day; amounts on which VAT or service tax was already paid should be deducted when computing GST on post appointed day consideration. In development agreements allocating constructed flats and tax burdens between developer and landowner, receipts received after the appointed day are chargeable to GST to the extent not covered by prior indirect tax, while antecedent service tax treatment of transfer of development rights should be checked against relevant circulars.</description>
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      <law>GST</law>
      <pubDate>Mon, 28 Oct 2019 11:03:35 +0530</pubDate>
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