TAXABILITY OF JOINT DEVELOPMENT AGREEMENT UNDER GSTJoint Development Agreement • April 27th, 2020
Contract Type FiledApril 27th, 2020An arrangement whereby a landowner contributes his land for the construction of a real estate project and developer undertakes the responsibility for the development of property, obtaining approvals, performing legal formalities and marketing the project. The landowner enters into an agreement and gives a General Power of Attorney to the developer, assigning him duty to obtain the mandatory approvals from various authorities and allows the developer to enter the land and do all necessary things for undertaking the construction.