Sanjeev Sharma, In re
Date: March 28, 2018
Subject Matter
GST would be payable on two-third of the total amount consisting of amount charged for transfer of land or undivided share of land
Summary
The applicant plans to engage itself in the development and sale of residential houses, generally floors/flats in India. Following are the questions on which the applicant is seeking advance ruling Whether GST will be applicable on the sale of…
Statement of Facts as per the Applicant: 1. The applicant plans to engage itself in the development and sale of residential houses, generally floors/flats in India. Acquisition of Land 2. The proposed modus operandi shall be that the applicant shall either purchase land or it shall enter into collaboration agreements with various land owners whereby the applicant shall acquire the right to develop…