https://www.taxtmi.com/forum/issue?id=119675 GST liability arises where a developer constructs a commercial complex on a 50:50 sharing arrangement and both parties lease, not sell. The construction is a construction service by the developer to the landowner, making any consideration including transferable development rights taxable. Leasing commercial property is a taxable supply of service at the prescribed rate, and where the tenant is unregistered the supplier may be liable under the reverse charge mechanism. The author notes the rate notification and Schedule II exclusion do not clearly address valuation in this scenario and seeks authoritative guidance. en-us Mon, 03 Mar 2025 17:27:53 +0530 Wed, 19 Mar 2025 12:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119675 GST liability arises where a developer constructs a commercial complex on a 50:50 sharing arrangement and both parties lease, not sell. The construction is a construction service by the developer to the landowner, making any consideration including transferable development rights taxable. Leasing commercial property is a taxable supply of service at the prescribed rate, and where the tenant is unregistered the supplier may be liable under the reverse charge mechanism. The author notes the rate notification and Schedule II exclusion do not clearly address valuation in this scenario and seeks authoritative guidance. Discussion-Forum GST Mon, 03 Mar 2025 17:27:53 +0530 https://www.taxtmi.com/forum/issue?id=119675