Karma Buildcon ., In re
Date: July 2, 2020
Subject Matter
Cost of land that is being transferred to the flat buyers on inclusive of land or undivided share of land basis cannot be deducted as a whole
Summary
The applicant’s contention is that cost of land that is being transferred to the buyers on inclusive of land or undivided share of land basis need to be allowed to be deducted as a whole and not as provided in Not No. 11/2017-CT (Rate) and 08/2…
M/s. Karma Buildcon, FP-67, Karma Lifestyle, Nr. Rajeshwar Gold Flats, Harni, Vadodara having a GSTIN : 24AAQFK 7744K1ZQ, filed an application for Advance Ruling under Section 97 of CGST Act, 2017 and Section 97 of the GGST Act, 2017 in FORM GST ARA-01 discharging the fee of Rs. 5,000/- each under the CGST Act and the SGST Act. 2. The applicant submitted that they are engaged in the business of co…