GST applicable on Landowner Received Flats Under Development Agreement: AAR Kerala

In re SI Property Kerala Private Limited (AAR Kerala) The applicant, engaged in developing apartments, villas, turnkey projects, and works contract services, entered into a Joint Development Agreement (JDA) on 08.04.2022 with a landowner for constructing a residential apartment complex on 17.36 Ares of land in Thiruvananthapuram. The landowner had earlier executed a JDA with another builder in 2014, which was cancelled in 2022. The previous builder had obtained statutory approvals and completed certain initial construction activities but had not collected any advances. Under the new JDA, the a...