TaxTMI 
TaxTMI 
VALUATION OF CONSTRUCTION SERVICE
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....ALUATION OF CONSTRUCTION SERVICE<br> Query (Issue) Started By: - NAMAN DOKANIA Dated:- 10-6-2021 Last Reply Date:- 13-6-2021 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>What will be the va....
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....luation of Construction Service of area handed over by Developer to Landowner at the time of Completion Certificate or Occupation Certificate?? Reply By Shilpi Jain: The Reply: Value would be the sa....
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....le value of any unit in the project closer to the date of JDA less 1/3rd (deemed value of land) Reply By ABHISHEK TRIPATHI: The Reply: Dear Sh. Naman Ji, Notification 11/2017 (Rate), creates a deem....
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....ing provision in respect of the value of the land. In my view, deeming 1/3rd of the value is contrary to the valuation provisions. In most cases, the value of the land exceeds 33.33%. According to the....
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.... notification, if your supply is INR 100, the supply of service will be 66.67 and the land value will be 33.33%. Such straightjacket approach of the notification is against the valuation provisions. ....
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....The same contention was raised in Munjaal Manishbhai Bhatt v Union of India - 2021 (1) TMI 1095 - GUJARAT HIGH COURT [I think its pending before Hon'ble Gujarat HC].<br> Discussion Forum - Knowledge S....
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....haring ....