The Karnataka Authority for Advance Ruling disposed of the application for Advance ruling with respect to Goods and Service Tax on landowners due to withdrawal by the applicant.
The applicant Parivar Housing Corporation is a partnership firm engaged in the business of real estate activities like construction of residential apartments and commercial complex . .
The applicant has sought an advance ruling in the following question “whether the value as on JDAAgreement date agreement should be considered or the value as on date of transfer to be considered for the purpose of discharging the GST on landowners portion?
The two member benches of Authority of Advance Ruling, Kiran Reddy T ( Member ) and DR. M V Ravi Prasad ( Member ) disposed of the application on account of withdrawing the application by applicant.
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