AAR : Land owner liable to GST on premises developed under JDA intended for distribution to family members

Karnataka AAR holds that applicant, being the land owner, is liable to GST on premises allotted to him intended to be distributed among his family members; Notes that applicant entered into a ‘Joint Development Agreement’ to develop his land out of which, for his land contribution, he receives 50% share of total 12 flats constructed and 50% share out of 4000 sq. ft. of commercial construction; Refers to Notification No. 4/2018 – Central Tax (Rate) which provides th...