The gross amount charged for the provision of taxable services: includes any amount that is paid to the taxable service prior to, during or after the provision of this service, and in the review of Section 67 of the Finance Act of 1994 reproduced above, it should be noted that the service tax must be paid on the gross amount charged, i.e. the consideration received from Denseignern and the consideration received by potential customers, i.e. the gross amount. In this case, the amount attributable to the consideration received by the complainant in the form of land rights of the landowner is included in the value of the villas sold to potential customers, which would mean that any consideration received by the applicant in the form of a development right will be considered rewarding. The accountant`s certificate, recorded in the minutes by the applicant, is detailed and certifies to the applicant that the applicant has discharged the service fee she received for remuneration and, in this case, there is no reason to re-claim a service tax on the villas built and handed over to the owners of the land. (a) registered persons who grant development rights to a developer, a contractor, a construction company or another registered person in exchange for consideration in the form of work in complex real estate or civil constructions; and in accordance with Communication 4/2018-Zentralsteuer (Satz) of January 25, 2018 While TDR and FSI have been used in solidarity and/or interchangeable under the GST Act, the fundamental difference between the two is that the ISF is the initial potential for land development, with TDR being an external development potential that can be used on each ground. The planning authority or the state government, from time to time or makes the rules for the TDR and its use. JDA helps both the developer and the owner of the land with an initial investment for the fund-raising, partially avoiding stamp duty, the accelerated development of the property as capital is necessary only for the execution of the construction work, consideration for the lessor will be paid most often after the completion of the project. In many parts of the country, there is a practice, with separate registers for land and separate for flat constructed.
In such cases, therefore, there is often an evaluation problem. In the case of IN RE: M/S. KARA PROPERTY VENTURES LLP 2019 (3) TMI 924 – AUTHORITY FOR ADVANCE RULING, TAMILNNADUthe assesse has entered into two separate agreements, one for the sale of one share of undivided land and the other for the construction of complex services to the buyer, two separate counterparties being charged by the purchaser. A question was therefore asked about the tax measure. The AAR found that the two agreements co-exist and work simultaneously; Any agreement cannot be terminated without terminating the other. This is a single fully covered supply in 5 (b) Of Schedule II of the Central Goods and Services Tax Act, which makes this operation a « complex building » service, and therefore assumes that the GST can be collected 2/3 of the total value of the two agreements.