• GST applicable or not

I am builder & I need Development agreement was register as on 10.4.15.
At the time of 1 st july 2017 project was completed 50%. Now completion certificates issued 12.4.18 received. 
In development agreement time not mention Vat/Service Tax/ GST who is paid .
So, Now there are landwoner share are transfer his(Landwoner).
Help me Can I paid GST yes or No
Asked 5 years ago in GST

Yes you can pay GST now also but there will be some interest and other things you need to pay along with it.

Since you are using words like land owner and all I am assuming it is a joint development agreement and therefore you need to pay GST in such an agreement as you receive consideration before the completion of project in the form of share in  land and therefore GST needs to be paid on it.

If you need any further details you can contact me and we can help you and try to guide you.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4274 Answers
97 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

Yes, you are liable for GST payment.

Payal Chhajed
CA, Mumbai
5188 Answers
289 Consultations

5.0 on 5.0

Hi,

 

Yes, GST is applicable in your case.

Karishma Chhajer
CA, Jodhpur
2450 Answers
29 Consultations

5.0 on 5.0

Yes you need to pay GST on the construction activity taken on or after 01.07.2017.

Vivek Kumar Arora
CA, Delhi
4848 Answers
1044 Consultations

5.0 on 5.0

Hi

Yes GST is payable by developer at time of giving allotment to landowner.

 

Hope it helps

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

5.0 on 5.0

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