GST Update on Treatment of Joint Development Agreements – PART I

Joint Development Agreements are also called tri-partite agreements as three parties are involved in such contracts, namely a builder, land owning party and the contractor who undertakes construction services. The developer enters into a development agreement with landowner, whereby the developer acquires the development rights with respect to the land. The development right entitles the … Read more

Relaxation in return filing procedure for first two months of GST implementation

Press Information Bureau Government of India Ministry of Finance 18-June-2017 18:21 IST Relaxation in return filing procedure for first two months of GST implementation  With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has … Read more