AAR: Machinery provisions available to exclude 'land value'; Superstructure construction taxable at 18%

May 07,2018

AAR rules on applicability of GST and valuation thereof in respect of sale of undivided and impartible share of land and construction & sale of superstructure; Observes, while sale of undivided portion of land is an outright sale of immovable property and hence, outside the scope of GST, Section 7(1)(d) of CGST Act r/w Paragraph 5(b) of Schedule III specifically provides for levy of GST on construction activity done on behalf of the buyer i.e. as a supply of goods or serv...

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