AAR: Developer/Builder liable to GST on ‘construction service’ provided to land owner in lieu of development rights

Karnataka AAR holds that GST is payable towards work executed under Joint Development Agreement (JDA) on land owner's portion for an agreed consideration where work had commenced during pre-GST period and continued in post-GST, in terms of para (b) Notification No. 4/2018-Central Tax (Rate) dated January 25, 2018; States that activity of supply of construction service provided by the applicant to the land owner is supply in the form of ‘barter’ and the considera...