Dharmic Living Private Limited ., In re
Date: May 28, 2021
Subject Matter
Sale of developed plots without receiving any advance for undertaking development activities is neither a supply of goods nor a supply of service.
Summary
1. Whether the rate of GST applicable with effect from 01.04.2019 on DLPL on promotion of villa projects for the villa buyers is 1.5% / 7.5% (effective tax rate 1%/5%) without benefit of Input Tax Credit? The applicant is liable to pay GST at the rat…
M/s. Dharmic Living Private Ltd (hereinafter referred to as the applicant) is a company registered in Tamilnadu and engaged in the promotion of gated community villas in the State of Kerala for the prospective villa buyers. 2. At the outset, the provisions of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as CGST Act) and the Kerala State Goods and Services Tax Act, 20…