Joint Development by Land Owner and Builder/Developer
In some cases, the land owner and builder/developer may have a joint venture for the construction project. In some cases, they may form a separate legal entity or they may operate as UJV (Unincorporated Joint Venture). In such cases, GST will be payable. Para 2.7 of CBI&C Circular No. 151/2/2012-ST dated 10-2-2012 states as follows … Read more