GST शास्त्र : Joint Development Agreement ‐ Taxability & other aspects

• December 10, 2019
• CA Chandan Agarwal's Office

♦ Introduction :–

In the real estate industry, tri‐partite business model known as Joint Development Agreements are often observed model. Due to sky high reaching prices of the land, option to enter into such agreements has become a normal practice in the industry.

After 1^st April, 2019, real estate sector has undergone massive changes as far as GST implications are concerned. Hence, it is important to revisit law, understand taxability impacts and other aspects in respect of joint development agreement. Joint development agreements are normally entered into either on revenue sharing basis or area sharing basis. In this article, we will have a walk through provisions relating to area sharing agreement.

Read more on: https://taxguru.in/goods-and-service-tax/gst-joint-development-agreement-taxability-aspects.html