GST on Construction under JDA: AAR clarifies Composite Sale Deed Execution Does not Fall u/Schedule III as 'Sale of Land'

The AAR has clarified that a "composite sale deed execution does not fall under Schedule III as a sale of land" for GST on construction under JDA. The ruling provides much-needed clarity on the taxability of a Joint Development Agreement (JDA). The decision clarifies that GST is applicable to the construction part of the agreement and not the land. This judgment is a crucial precedent for the real estate sector and provides a clear distinction between the two.