It is lawful to structure agreement by fixing land cost after absorbing development charges.
Input Tax Credit availed in respect of GST paid on goods and/or services used/consumed for development of land, in respect of plots sold after issuance of Completion Certificate is liable to be reversed on pro rata basis
AUTHORITY FOR ADVANCE RULINGS, KERALA
PPD Living Spaces (P.) Ltd., In re
ADVANCE RULING NO. KER/20/2018
SEPTEMBER 26, 2018
Roy Peter for the Applicant.