TaxTMI 
TaxTMI 
TaxTMI 
GST ON UNIT DISTRIBUTION BETWEEN PARTNERS IN SINGLE AGREEMENT
X X X X Extracts X X X X
X X X X Extracts X X X X
....ST ON UNIT DISTRIBUTION BETWEEN PARTNERS IN SINGLE AGREEMENT<br> Query (Issue) Started By: - Kalpesh Shah Dated:- 14-10-2020 Last Reply Date:- 22-10-2020 Goods and Services Tax - GST<br>Got 2 Replies<....
X X X X Extracts X X X X
X X X X Extracts X X X X
....br>GST<br>Querry : Fact of the case : One of my client is a Developer. It is a Partnership Firm, which undertook Project of Construction of Raw Houses. Now Project is almost complete but it will tak....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e time to get OC from Municipal Corporation. Now Partners have decided to distribute the unsold Row Houses in a Single Deed of Distribution. They are distributing total 5 Row Houses between 3 Partners....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... Each Row House Area is less than 60 Sq Mtrs Carpet Area and Value Less Than ₹ 45 Lakhs. But in Aggregate (Total of 5 Row Houses) Area Exceeds 60 Sq. Mtrs Carpet Area and Value Exceeds ₹ ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....45 Lakhs. All 5 Row Houses distributed in a Single Deed of Distribution. Now my question is : 1. Rate of GST Applicable ? 1% or 5% ? 2. What if we mention in agreement Carpet Area and Value of Each....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Row House Separately ? Will the GST Rate Change ? Reply By Shilpi Jain: The Reply: The rate of tax would be 1% as the affordable residential appartment def. has to be seen per unit. Reply By Kalp....
X X X X Extracts X X X X
X X X X Extracts X X X X
....esh Shah: The Reply: Thank you for Clarification<br> Discussion Forum - Knowledge Sharing ....