https://www.taxtmi.com/forum/issue?id=120341 GST on units allotted to landowners is triggered at Completion/First Occupancy Certificate unless transferred earlier, with unsold units attracting the reverse charge mechanism within thirty days; valuation should follow open market value or cost-plus where market value is indeterminate. Characterisation of the agreement (agreement for sale versus joint development) and the precise contractual terms determine whether consideration is treated as transfer of land, supply of service, or allotment of constructed units and thereby allocate GST liability. en-us Tue, 12 Aug 2025 14:08:39 +0530 Fri, 22 Aug 2025 09:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120341 GST on units allotted to landowners is triggered at Completion/First Occupancy Certificate unless transferred earlier, with unsold units attracting the reverse charge mechanism within thirty days; valuation should follow open market value or cost-plus where market value is indeterminate. Characterisation of the agreement (agreement for sale versus joint development) and the precise contractual terms determine whether consideration is treated as transfer of land, supply of service, or allotment of constructed units and thereby allocate GST liability. Discussion-Forum GST Tue, 12 Aug 2025 14:08:39 +0530 https://www.taxtmi.com/forum/issue?id=120341