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10 sie 2022 · This article aims to discuss the GST implications on various types of activities involved in land development. The following types of transactions takes place, in general, in Development and Sale of Plots: A. Developer owns the land. a. Sale of plots to the customers; B. Developers enters a Joint Development Agreement with a Land Owner. a.
20 sie 2024 · This article analyses the impact of GST on the sale of land, sale of developed plots and the leasing of land, along with the availability of ITC.
9 lut 2024 · SPA Group will evaluate how land and plots are treated differently under GST, analyze applicable tax rates, and discuss the impact on buyers as well as investors dealing in these asset classes. The insight would enable prudent decision-making with respect to land and plot investments in the post-GST implementation era.
13 maj 2024 · An overview of GST on real estate transactions, highlighting that sales of developed plots with included development costs are not taxable, and actions or tolerances are not covered under GST.
31 paź 2023 · This article provides a comprehensive analysis of GST in the real estate sector, exploring various tax options, joint development rights and agreements, as well as specific scenarios like the sale of plots and slum rehabilitation.
3 wrz 2022 · It is possible to claim not taxable to GST by citing that the intention of developer is to deliver developed land to customer and not to provide development services.
10 mar 2023 · While the GST rate on plot purchase and land development is 18% for residential properties as mentioned above, it varies for commercial properties. Developers can claim input tax credit on GST paid, reducing the cost of development.
