AAR: Land-development under JDA constitutes a 'supply of service’, not 'sale of land'

Karnataka AAR holds that the activities envisaged under the joint development agreement (JDA) between the applicant and the landowners amount to supply of service, liable to be taxed under GST while rejecting applicant’s plea that it is primarily engaged in sale of land, which is not liable to be taxed in terms of entry number 5 of Schedule III of CGST Act, 2017; Elucidates that, while applicant may have a role in activity of ‘sale’ but he cannot claim himself to be ‘...