Autoescuela Marroig

Plaza de Toros

Gst In Joint Development Agreement

septiembre 22, 2021 By: admin Category: Sin categoría

On the basis of the above-mentioned judgments, it is possible to say that if only rural development activities are carried out within the framework of a JDA, these are probably taxed according to the GST. However, where the development of land is naturally pooled with the sale of land and the sale is the main supply in the joint venture, the transaction may be interpreted as a compound supply which is not subject to the GST. It would therefore be relevant for taxpayers to agree on the exact volume of services provided under a JDA in order to determine its ability to tax. Since Article 50C is a legal fiction and its scope and scope are limited to what is written in the provision. Therefore, this provision can only be invoked in the event of a transfer of land or buildings or both. Therefore, it can be considered that the developer is required to pay the GST for the apartments that the owner of the land has already granted before the start of construction, which will prove to be a great harshness for the developers. Now comes the evaluation aspect set out in section 15 of the 2017 CGST Act, in conjunction with Rules 27 to 35 of the 2017 CGST Rules. . .

Comments are closed.