The Gujarat Authority of Advance Ruling (AAR) ruled that the builder is required to deduct one-third value of land or undivided shares from the total value charged for the subject supply. The applicant, M/s Karma Buildcon is engaged in the business of construction. For the purpose of the business, they buy land and develop residential/ […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2RmVrko
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