Distribution of closing stock amongst the partners of LLP

Assessee is LLP having 4 partners out of them  3 are individual and one is another LLP, engaged in the business of constructions. They started the residential project and entire project is complete and completion certificate is also received from APPROPRIATE Local Athority .   They have decided to distribute  4 unsold units of equal size between themselves. Issues : 1. What are implication under stamp duty, GST  and income tax 2. Whether it is okay , if they transfer these units at Ready reckoner rate? Even though last unit sold was much higher than ready reckoner rate? 3. Does it…

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