https://www.taxtmi.com/article/detailed?id=10396 Where land has been developed prior to contract and development was not undertaken at the buyer's behest, the transfer is sale of land and not a taxable construction service. Valuation must follow the transaction value principle under Section 15: the actual price paid or payable is primary. A mandatory uniform deeming deduction for land applied irrespective of ascertainable contract values departs from Section 15, is arbitrary across differing factual scenarios, and cannot be sustained in place of valuation based on actual consideration. en-us Wed, 11 May 2022 08:37:42 +0530 Wed, 11 May 2022 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10396 Where land has been developed prior to contract and development was not undertaken at the buyer's behest, the transfer is sale of land and not a taxable construction service. Valuation must follow the transaction value principle under Section 15: the actual price paid or payable is primary. A mandatory uniform deeming deduction for land applied irrespective of ascertainable contract values departs from Section 15, is arbitrary across differing factual scenarios, and cannot be sustained in place of valuation based on actual consideration. Articles Goods and Services Tax - GST Wed, 11 May 2022 08:37:42 +0530 https://www.taxtmi.com/article/detailed?id=10396