https://www.taxtmi.com/article/detailed?id=8951 Valuation for construction services under JDA is governed by a notificational first-sale based method deeming value equal to amounts charged for similar units in the project to independent buyers, with deduction for land value; transfer of development rights is similarly valued by reference to amounts charged by the promoter to independent buyers (permitting cross-project comparison and lacking an express land-value deduction); absent any sale (eg, lease-only projects) the prescribed valuation may be unavailable, raising risks that levy fails and prompting conservative options like adopting rule-based valuation or paying under protest. en-us Mon, 10 Feb 2020 18:49:22 +0530 Mon, 10 Feb 2020 18:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8951 Valuation for construction services under JDA is governed by a notificational first-sale based method deeming value equal to amounts charged for similar units in the project to independent buyers, with deduction for land value; transfer of development rights is similarly valued by reference to amounts charged by the promoter to independent buyers (permitting cross-project comparison and lacking an express land-value deduction); absent any sale (eg, lease-only projects) the prescribed valuation may be unavailable, raising risks that levy fails and prompting conservative options like adopting rule-based valuation or paying under protest. Articles Goods and Services Tax - GST Mon, 10 Feb 2020 18:49:22 +0530 https://www.taxtmi.com/article/detailed?id=8951