Deemed One-Third Land Deduction for GST Mandatory Despite Separate Sale Deed: AAR Tamilnadu

In re M/s. Jaypee Enterprises (Proprietor – Poonapalli Ramchandran Jaiprakash) (GST AAR Tamilnadu) The applicant, a GST-registered sole proprietorship engaged in construction services, sought an advance ruling on the applicable GST rate and valuation method for construction of residential houses where land and construction are contracted through separate documents. The applicant developed a layout on self-owned land and entered into a Memorandum of Understanding (MOU) with buyers, followed by two agreements executed on the same day—one sale deed for land and one construction agreement ...