One of our clients has entered into a Joint Development Agreement (JDA) with a landowner. According to the terms, the developer will cover all expenses related to development and legal compliance, while the landowner will provide the land. Subsequently, the developed plots will be sold, and the revenue will be split equally between both parties. GST implication in whole transaction.
Hello @CA_Ravi_Mishra Yes, GST will be applicable in case the business from such activity crosses a certain threshhold.
The query seems to be business specific and thus I would recommend you to connect to a tax expert from our team who can understand your specific query and help you with the GST implications on the same.
Thank you.