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- Whether joint development agreement entered between Land owner and Builder prior to 31 March 2019 but have no bookings till 31 March 2019 is liable to GST under reverse charge ?
Whether joint development agreement entered between Land owner and Builder prior to 31 March 2019 but have no bookings till 31 March 2019 is liable to GST under reverse charge ?
TRT-2026-522
Issue Favourable to Tax Payer ?:- no
Held - According to the statement of relevant facts having a bearing on the questions raised by the applicant, at Para 6(c) of agreement, the work on the project commenced in June 2018. Meanwhile the GST structure on real estate services was greatly altered with effect from 01.04.2019 through Notification No. 03/2019 and Notification No. 04/2019 dated: 29.03.2019.
The Notification No. 03/2019 makes a distinction between ‘Ongoing projec.....
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