GST & Joint Development of Properties : 6 Frequently Asked Questions


gst on joint development agreementThe issue of application of GST on joint development of properties is a vexing many minds- be it landowner who has signed JDA with a developer or the developer who is executing a building project after getting the land development rights.In this post , following common questions are answered :

  1. Is GST applicable to properties developed and delivered to the landowner under a Joint development agreement?
  2. Who pays the GST- landowner or developer?
  3. What is the time of supply of service in case of JDA?
  4. How is the value determined for GST  on service tendered by the developer?
  5. Whether input credit available? If yes, who can claim ITC, how and when?
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