Maarq Spaces Pvt. Ltd ., In re
Date: May 4, 2020
Subject Matter
GST payable on the entire consideration received for the provision of activity of 'development and sale of land'. AAR ruling upheld.
Summary
Q1. Whether the activity of development and sale of land attract tax under GST? In the instant case what the applicant receives as their remuneration for the provision of the services of development of the land and their subsequent activities related…
1. At the outset we would like to make it clear that the provisions of CGST, Act 2017 and SGST, Act 2017 are in parimateria and have the same provisions in like matter and differ from each other only on a few specific provisions. Therefore unless a mention is particularly made to such dissimilar provisions, a reference to the CGST Act would also mean reference to the corresponding similar provisio…