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C&M E-ALERT: Bombay High Court Clarifies: GST on Joint Development Agreements triggered only on transfer of possession or rights
The Bombay High Court at Goa, in M/s Provident Housing Ltd  v Union of India , clarified that merely signing a Joint Development Agreement ( JDA ) does not create a liability to pay Goods and Services Tax ( GST ). The Court held that GST becomes applicable only when possession or rights in the constructed property are actually transferred to the landowner. [1]  Why is GST even applicable to JDAs? JDA is a common arrangement in the real estate sector where a landowner and a d
Vikram Sobti
Oct 113 min read
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Possession, ownership and title: Why distinctions in property rights still matter
Our Partner & Head of Real Estate, Vikram Sobti & Senior Associate Aditya Pandey, authored an article titled “ Possession, ownership and...
Vikram Sobti
Sep 241 min read
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C&M E-ALERT: REASSESSING POWER OF ATTORNEY IN PROPERTY TRANSACTIONS: SUPREME COURT CALLS FOR LARGER BENCH
The Supreme Court, in a significant decision, [1] revisited the legal standards governing Power of Attorney ( PoA )-based property...
Vikram Sobti
Jul 223 min read
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