TaxTMI 
TaxTMI 
BUINESS OF SITE FORMATION AND SALE- IS LIABLE FOR REGISTRATION UNDER GST?
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....UINESS OF SITE FORMATION AND SALE- IS LIABLE FOR REGISTRATION UNDER GST?<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 25-5-2020 Last Reply Date:- 25-5-2020 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>LAND DEVELOPER IS A PARTNERSHIP FIRM, OWNING A LAND ON WHICH SITES ARE TO BE FORMED AND SOLD TO THE PERSPECTIVE CUSTOMERS. FORMATION OF SITES LIKE LEVELING OF LAND,....
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.... FORMATION OF ROADS, BRIDGES, PARK AND OTHER AMENITIES AS PER MUDA IS ENTRUSTED TO A CONTRACTOR WHO IS MANAGING PARTNER OF THE FIRM, AND FIRM IS NOT PURCHASING ANY MATERIAL FOR DEVELOPMENT,CONTRACTOR IS FULLY RESPONSIBLE FOR HANDOVER SITES FIT FOR REGISTRATION TO PROSPESPECTIVE CUSTOMERS.THE FIRM OBTAINED RERA PERMISSION. IN THIS SITUATION: IS IT COMPULSORY FOR THE FIRM TO GET REGISTRATION UNDER ....
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....GST Reply By YAGAY andSUN: The Reply: In our view it is a taxable service under the provision of GST Laws and registration will depend on the crossing of threshold limit as prescribed in GST Law i.e. 40 lakhs. Reply By KASTURI SETHI: The Reply: In my view, in this scenario registration is compulsory. Go through Section 24 (vii) of CGST Act which is extracted below:- SECTION 24. Compulsory reg....
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....istration in certain cases (vii) persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise Reply By KASTURI SETHI: The Reply: Pl. also go through HSN 995432. Reply By Rajagopalan Ranganathan: The Reply: Sir, In my opinion the threshold limit is ₹ 20 lakhs only since work done is service. Reply By KASTURI SETHI: Th....
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....e Reply: Registration is compulsory for contractor because he works for and on behalf of an other person. Developer firm is required to take registration only after crossing threshold exemption limit of ₹ 20 lakhs, being service provider. Reply By YAGAY andSUN: The Reply: My mistake, the threshold is ₹ 20L.<br> Discussion Forum - Knowledge Sharing ....