Benami Transactions Act

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....enami Transactions Act<br> Query (Issue) Started By: - Balakrishnan Ramalingam Dated:- 19-4-2019 Last Reply Date:- 21-4-2019 Other Topics<br>Got 1 Reply<br>Indian Laws<br>One &quot;A&quot; is giving l....

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....oan to a land owner &quot;B&quot;. In turn &quot;B&quot; executes a Power of Attorney to one &quot;C&quot; who is an employee of &quot;A&quot;. &quot;C&quot; develops the land as plots, builds roads e....

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....tc., with the finance from &quot;A&quot;. &quot;C&quot; starts selling the plots to various people in various dates. Technically the money goes to &quot;B&quot; and returns back the same to &quot;A&qu....

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....ot; towards loan he received from them. My questions are: 1. Will this transaction fall under Binami Trans ACT? 2. The position of &quot;C&quot; under GST. Is he liable to GST ? if so on which valu....

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....e? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: It is not a benami transaction. GST is applicable on the basis of services rendered by the builder.<br> Discussion Forum - Knowledge Sharing ....