Liability w.r.t. JDA entered prior to GSTJoint Development Agreement (Jda) • March 9th, 2022
Joint development agreement (JDA) is an agreement entered between the landowner and the developer wherein the landowner would provide the right to the developer to develop the land, in return for construction services to be provided by the developer.The developer would be entitled for a share in the developed property(generally allotted through supplementary agreement (SA))in return for such construction services. Without getting into whether GST is liable or not on these activities, let us examine what is the levy that needs to be examined i.e. GST or Service Tax, for such agreements in the below scenario.
Real Estate TransactionJoint Development Agreement (Jda) • November 4th, 2020
• Consideration in the form of Development Rights – N.No. 4/2018-dt. 25.01.2018 – When Transfers the possession or the rights in constructed complex by entering into conveyance deed or similar document (e.g. Allotment Letter)
Athena Knowledge Sharing: AKS | 2021 | 6Joint Development Agreement (Jda) • June 6th, 2021
