WebJul 16, 2024 · Whether GST is applicable on sale of a plot of land for which, as per the requirement of approved by the respective authority (i.e. Zilla Panchayat), Primary amenities such as Drainage line, Waterline, Electricity line, Land levelling etc. are to be provided by the applicant? Related Topic: Original copy of GST AAR of Vservglobal Private Limited WebDeveloped land sold as plots will attract GST: AAR The AAR has also concluded that sale of developed plots will be covered under the clause 'construction of a complex intended for sale to a buyer ...
Developed land sold as plots will attract GST: AAR
WebSep 23, 2024 · The basic infrastructure works done on plots include formation of roads, rainwater drains, laying of electricity cables, water pipes, sewerage lines, drilling of bore-wells, setting up of a power sub-station … WebJun 22, 2024 · GST on sale of affordable under-construction real estate is taxed at 1 per cent, and others at 5 per cent currently. This makes the substance of the agreement … cycle saddle bags at halfords
GST on Real Estate, Flats, Land, Residential Property
WebThe consideration was agreed by way of share of revenue received towards the sale of plots. It has been agreed to share the revenue in the ratio of 75% for the landowner and 25% for the developer. WebJul 14, 2024 · GST is applicable on sale of plot after Development by developer Applicability of Indirect tax on construction industries has been a matter of disputes, litigation and controversy since long. Whether it was VAT Laws, Service Tax, Excise, the litigation were prevailing. WebAug 9, 2024 · Thus, the sale of land does not attract GST. But, some contradictory rulings by Advance Ruling Authorities created confusion in the case where a developer sells a plot of land after undertaking development activities such as levelling, plantation, laying down drainage lines etc. over a piece of land. cheap vacation package deals all inclusive