Question ID :
44574
Payment of GST by the owners in Development agreements
Sir in the case of a Development agreement to construct apartments on the site of the owner by a builder, how do we pay the GST on the owner's share of apartments. It is the onus of the developer to pay the GST on the owners share of apartments. How do we pay the GST.
Should it be paid in RCM or
DRC03 or
Should it be shown as the turnover of the Developer and pay 18% GST on services of construction renedered to the owner?
Kindly clarify.
Posted by
Y.KANAKAMAHALAKSHMI
on
Nov 15, 2023
Filed Under
GST
It depends on sale of apartments before or after completion. In one case Owner has to pay and in other the builder will pay under RCM.
Posted by
VINAY BHARGAV KUMAR G on
Nov 20, 2023
Answer ID :
85215
BUILDER DEVELOPER WILL PAY GST UNDER RCM IN NORMAL CASES WHERE FLATS SHARED AS CONSIDERATION
Posted by
CA Shrawan Suthar on
Nov 20, 2023