Case Law Details
In re TIF Integrated Industrial Parks PVT Ltd (GST AAR Telangana)
1. If the applicant sells the land after developing by way of erecting a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts. However if land is sold without any development involving any civil structure or building or complex such supply falls under paragraph 5 of schedule III to Section 7(2) of CGST Act, 2017 and hence is exempt from tax.
2. If the applicant executes works contracts involving transfer of property in goods for a consideration under an agreement of contract such consideration will be liable to tax. However if these elements are missing in execution of a construction it shall not be liable to tax.
FULL TEXT OF THE ORDER OF AUTHORITY OF ADVANCE RULING, TELANGANA
1. M/s. TIF Integrated Industrial Parks PVT Ltd, IDA Cherlapally, Hyderabad (‘applicant’ for short) – 500051, (GSTIN No. 36AAGCT2558M1ZU) have filed an application in fOrm GST ARA-01 under Section 97(1) of TGST Act, 2017 read with Rule 104 of CGST/TGST Rules, seeking Advance Ruling seeking clarification.
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