https://www.taxtmi.com/forum/issue?id=116265 Whether the developer's retained share of sale proceeds under a Joint Development Agreement is consideration for development service subject to GST is the core issue. One advisory view treats tax as payable under the Reverse Charge Mechanism; another treats the retention as taxable consideration requiring the developer to issue invoices and account for tax, with time of supply on sale of each plot. The applicability of Schedule III entry 5 (sale of land not treated as supply) is raised but not resolved. en-us Mon, 04 May 2020 14:15:54 +0530 Thu, 23 Jan 2025 15:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116265 Whether the developer's retained share of sale proceeds under a Joint Development Agreement is consideration for development service subject to GST is the core issue. One advisory view treats tax as payable under the Reverse Charge Mechanism; another treats the retention as taxable consideration requiring the developer to issue invoices and account for tax, with time of supply on sale of each plot. The applicability of Schedule III entry 5 (sale of land not treated as supply) is raised but not resolved. Discussion-Forum GST Mon, 04 May 2020 14:15:54 +0530 https://www.taxtmi.com/forum/issue?id=116265