Tax Publishers Income Tax and GST Implications on Joint Development Agreements & Real Estate Transactions By CA L. Venkatramanan & CA Satyadev Purohit Edition 2025

Income Tax and GST Implications on Joint Development

Income Tax and GST Implications on Joint Development

Overview of levy of GST on construction of Immovable property related transactions including works contract and Joint Development Agreements (JDA) Specific discussion on the levy of GST on land owners, developer, builder and contractors. Elaborate discussion on GST procedures i.e. registration, filing of returns and maintenance of account of records by land owner, developer, builder and contractors. Thorough discussion on Income-Tax implications on land owner, builder, developer and contractors; capital gain implications on land development agreements; practical queries and opinions on Joint Development Agreements. Also covering important aspects of the Real Estate (Regulation and Development) Act, 2016 including RERA implications on the promoter (Developers). Relevant text of statutory provisions of Central Goods and Services Tax Act, 2017, Central Goods and Services Tax Rules, 2017, Notification No. 11/2017-Central (Rate), dt. 28-6-2017 (GST Rates on Taxable Services), Notification No. 12/2017-Central Tax (Rate), dt. 28-6-2017 (Exempted Services), Notification No. 13/201-Central Tax (Rate), dt. 28-6-2017 (Services chargeable to tax on Reverse Charge basis), Classification of Services (SAC Codes) and Explanatory Notes on Classification of Services. Full text of Real Estate (Regulation and Development) Act 2016 and FAQs on Real Estate Services (Volume I and II) Issued by CBIC. Sample Land Development Agreements. Indispensable for Practicing Chartered Accountants, GST Practitioners, and tax consultants dealing with taxation and other aspects of Joint Development Agreements (JDA) and Real Estate Transactions. Commentary on Prohibition of Benami Property Transactions Act