Wondering if the
should landlord pay GST on landowner share to developer
? Here is the answer.
The Goods and Services Tax (GST) is applicable to the supply of goods and services. This transaction involves a landlord, a developer, and potentially the sharing of revenue. It's important to note that the tax implications vary based on the specific nature of the agreement and the legal framework involved.
Here are some key points on
GST on landlord share of flats
to consider:
If the landlord is leasing out property to the developer, the rental income is not subject to GST. Residential renting is exempt from GST, while commercial renting is subject to GST.
If there is a revenue-sharing agreement between the landlord and the developer, GST is applicable when there is a supply of goods or services.
In some cases, a landlord and a developer enter into joint development agreements. The GST treatment of such agreements involves the classification of the transaction as a supply of goods or services.
This is all about
should landlord pay GST on landowner share to developer
.
Get your legal matters resolved online with NoBroker
Read more
How to Avoid GST on Under Construction Property?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Should Landlord Pay GST on Landowner Share to Developer?
Kirti Singh
1193 Views
1
2 Year
2023-11-14T09:31:32+00:00 2023-11-14T18:38:02+00:00Comment
Share