GST on Composite Value for Construction & Land Sale

Advertisement In re Sripriya Constructions Private Limited (GST AAR Tamilnadu) This ruling by the Goods and Services Tax (GST) Authority for Advance Ruling (AAR), Tamil Nadu, pertains to M/s. Sripriya Constructions Private Limited, a Chennai-based developer. The applicant entered a Joint Development Agreement (JDA) to construct four apartments, with two allocated to the landowner and two for sale. Historically, the applicant executed separate sale deeds for the undivided share (UDS) of land and construction agreements, paying stamp duty on UDS and GST on construction. However, a new circula...