https://www.taxtmi.com/forum/issue?id=118699 Liability to pay GST arises where a landowner receives constructed flats under a joint development arrangement; for agreements on or after 1 April 2019 the construction component received by the landowner is taxable and its value is determined by amounts charged for similar apartments to independent buyers near the joint development date, with a one third deduction allowed towards the value of land. Contractual allocation of GST liability and the precise transaction structure can, however, affect tax treatment and input tax credit consequences. en-us Thu, 17 Aug 2023 21:17:02 +0530 Thu, 23 Jan 2025 14:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118699 Liability to pay GST arises where a landowner receives constructed flats under a joint development arrangement; for agreements on or after 1 April 2019 the construction component received by the landowner is taxable and its value is determined by amounts charged for similar apartments to independent buyers near the joint development date, with a one third deduction allowed towards the value of land. Contractual allocation of GST liability and the precise transaction structure can, however, affect tax treatment and input tax credit consequences. Discussion-Forum GST Thu, 17 Aug 2023 21:17:02 +0530 https://www.taxtmi.com/forum/issue?id=118699