Taxation of Joint Development Agreements and Real Estate Transactions

Year: 2024

Author: CA L Venkataramanan and CA Satyadev Purohit

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, builders 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 the land owner, builder, developer and contractors; capital gain implications on land development agreements; practical queries and opinions on Joint Development Agreements.

Also covers 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

Tags: #tax #taxation #gst #joint #development #agreements #realestate #transactions