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10 sie 2022 · In view of recent clarification by the Central Board of Indirect Taxes through its Circular vide No. 177/09/2022 TRU dated 3rd August 2022, there is once again buzz in the real estate sector about the GST implications on development and sale of plots.
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.
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.
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.
GST IMPLICATIONS ON DEVELOPMENT OF PLOTS. Contributed by CA Sri Harsha and CA Manindar. Introduction: Development agreements are popular not only with respect to the construction of residential or commercial complexes but also with respect to laying and development of plots.
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.
3 wrz 2022 · Articles. GST and Sale of developed plots. CA Roopa Nayak , Last updated: 03 September 2022. Background. In the recent circular no. 177/09/2022-TRU it has been clarified that sale of land after leveling, laying down of drainage lines etc. is sale of land and does not attract GST.
