https://www.taxtmi.com/caselaws?id=393298 A joint development arrangement for plotting land and providing roads, drainage, gardens, electricity and allied infrastructure was treated as a taxable supply of works contract services, because the developer did not acquire title to the land and merely carried out development on behalf of the landowner. The sale of plots was incidental to that development activity and did not amount to sale of land under Para 5 of Schedule III. For valuation, the agreed 40% share of plot sale proceeds was the developer's consideration. Rule 31 of the GST Valuation Rules applied, read with section 15 of the CGST Act, so the taxable value was the amount received or receivable under the revenue-sharing arrangement. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 17 Mar 2025 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393298 A joint development arrangement for plotting land and providing roads, drainage, gardens, electricity and allied infrastructure was treated as a taxable supply of works contract services, because the developer did not acquire title to the land and merely carried out development on behalf of the landowner. The sale of plots was incidental to that development activity and did not amount to sale of land under Para 5 of Schedule III. For valuation, the agreed 40% share of plot sale proceeds was the developer's consideration. Rule 31 of the GST Valuation Rules applied, read with section 15 of the CGST Act, so the taxable value was the amount received or receivable under the revenue-sharing arrangement. Case-Laws GST Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393298