5% Effective GST applicable after 1/3 Deduction on Sale of Land and Duplex Construction, No ITC Eligible: Odisha AAR [Read Order]

The applicant is liable to pay an effective rate of 5% GST

By Navasree A.M - On May 7, 2024 5:30 pm - 2 mins read

sale of duplex construction - Duplex construction GST - GST on land sale - Odisha property tax - taxscan

The Odisha Authority for Advance Ruling ( AAR ) ruled that sale of land and duplex construction on same land executing two separate agreements attracts an effective rate of 5% Goods and Services Tax ( GST ) after deducting 1/3 towards land cost from the total consideration. The Applicant, M/s NBER DEVELOPERS LLP engaged in…

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