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Informative

GST on JDAs in Real Estate: Setback from GoM Decision likely

Update / Judgement Date

27 Sept 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

GSTOther Legal Matters

GST on JDAs in Real Estate: Setback from GoM Decision Likely The Group of Ministers (GoM) is considering a proposal related to the GST applicable to Joint Development Agreements (JDAs) in the real estate sector. The outcome could impose additional GST burdens on developers, creating a potential setback for the industry. The GoM’s decision will have a significant impact on the structuring of JDAs, influencing the tax liability of both landowners and developers. The deliberations have raised concerns among industry stakeholders about the long-term implications of higher tax costs on real estate projects.