TaxTMI 
TaxTMI 
Joint Development Agreement GST rate
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....oint Development Agreement GST rate<br> Query (Issue) Started By: - JIGAR SHAH Dated:- 18-1-2019 Last Reply Date:- 11-5-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>A developer has ent....
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....ered into a joint development agreement with the land owner. As per the agreement the developer has the right to sell the developed land into plots to the final customer. The developer receives the to....
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....tal sale consideration and out of that he gives the agreed proportionate land cost on sales consideration as land cost to the land owner. What will be the rate of GST? * The developer charged 18% i....
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.....e. 18% on the total receipt less 1/3 of land cost; thus effective rate will be 12%; or * Flat 18% on the total receipts including land cost. Reply By HariKishan Bhonagiri: The Reply: As per the t....
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....erms you referred the it cannot be JDA. it is a revenue sharing arrangement. In order to consider the JDA the land share is to passed on to the land lord and the risk, reward and rights over the land ....
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....of his portion after development with the Land lord. where as in your case the right is transferred to developer and he developing the land selling and sharing his share. Hence as per my view it canno....
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....t be subjected to GST. if any body differs please let me know the reason and logic. Reply By JIGAR SHAH: The Reply: Dear Mr Harikrishna, Thank you for the response towards the query.<br> Discussion....
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