Transferor of TDR or development rights to land to builder will be liable to pay GST

Purchaser Of Flat Is Not Liable To Tax Even If He Sales Before Occupation Or Completion The Purchaser of flat is not liable to tax even if he sales before occupation or completion, for two reasons – He is not supplying construction service, as deeming provision requires supply of construction service He is not in … Read more

GST for Builders and Developers

Introduction Works Contract Service is a specie of construction service. This activity has special relevance as it has been a very litigation prone issue. Earlier, after introduction of service tax on services, complexities of ‘works contract’ increased as issue of valuation, TDS and reverse charge made this issue complex. After introduction of GST and abolition … Read more