{"id":38988,"date":"2024-02-04T17:21:57","date_gmt":"2024-02-04T11:51:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=38988"},"modified":"2024-02-10T18:15:34","modified_gmt":"2024-02-10T12:45:34","slug":"value-of-land-in-sale-of-under-construction-flat-under-gst","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/value-of-land-in-sale-of-under-construction-flat-under-gst\/","title":{"rendered":"Value of land in sale of Under construction flat under GST"},"content":{"rendered":"<p>Assessee is a developer and engaged in the business of developing of real estate project. He has calculated the GST liability on sale of \u00a0under construction flats as per agreement to sale with flat purchaser by taking deduction of 1\/3 of the consideration . In the GST Audit , departments is denying the deduction for 1\/3 for the land on the ground that there is no involvement of share \u00a0transfer of land in the agreement to sale and land is transferred only when the sale agreement is executed with the society . Is the interpretation of the GST audit department is correct ? What is remedy for the assessee co in this situation . Pl guide<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[340],"qa_category":[69],"qa_tag":[192,1177],"class_list":["post-38988","qa","type-qa","status-publish","hentry","qa_expert-advocate-c-b-thakar","qa_category-gst","qa_tag-gst","qa_tag-value-of-land-in-sale-of-under-construction-flat-under-gst"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/38988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38988"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38988"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=38988"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=38988"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=38988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}