https://www.taxtmi.com/article/detailed?id=9203 Where a joint development agreement combines transfer of plots with obligations to provide infrastructure and carry out development works, the activity of developing the land constitutes a taxable service while pure sale of land remains outside supply. The developer's provision of surveying, levelling, infrastructure, marketing and sale functions and recovery of costs from purchasers makes development the dominant activity; tax consequences are assessed on the developer's share of project receipts determined on market value principles, with contractual features like revenue sharing and escrow relevant to tax characterisation. en-us Sat, 23 May 2020 09:53:48 +0530 Sat, 23 May 2020 09:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9203 Where a joint development agreement combines transfer of plots with obligations to provide infrastructure and carry out development works, the activity of developing the land constitutes a taxable service while pure sale of land remains outside supply. The developer's provision of surveying, levelling, infrastructure, marketing and sale functions and recovery of costs from purchasers makes development the dominant activity; tax consequences are assessed on the developer's share of project receipts determined on market value principles, with contractual features like revenue sharing and escrow relevant to tax characterisation. Articles Goods and Services Tax - GST Sat, 23 May 2020 09:53:48 +0530 https://www.taxtmi.com/article/detailed?id=9203