https://www.taxtmi.com/caselaws?id=782159 In an area-sharing joint development agreement, the landowner's transfer of development rights in exchange for constructed residential flats is treated as a taxable supply of service under GST. Construction of the landowner's share of apartments is taxable, with the promoter liable to pay tax under the relevant notifications and reverse charge framework for development rights. Where the project is not an affordable residential apartment project, the construction service is taxable at 5% without input tax credit. Valuation is to be based on the deemed value mechanism using similar apartments sold to independent buyers nearest to the date of transfer of development rights. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 25 Nov 2025 08:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782159 In an area-sharing joint development agreement, the landowner's transfer of development rights in exchange for constructed residential flats is treated as a taxable supply of service under GST. Construction of the landowner's share of apartments is taxable, with the promoter liable to pay tax under the relevant notifications and reverse charge framework for development rights. Where the project is not an affordable residential apartment project, the construction service is taxable at 5% without input tax credit. Valuation is to be based on the deemed value mechanism using similar apartments sold to independent buyers nearest to the date of transfer of development rights. Case-Laws GST Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782159