Prahitha Constructions (P.) Ltd. V/s Union of India {SUPREME COURT OF INDIA} :Date of Order : 13-05-2024simplified explanation of the Supreme Court’s decision in Prahitha Constructions (P.) Ltd. v. Union of India regarding the applicability of GST on transfer of development rights:Background:
Prahitha Constructions (P.) Ltd., engaged in developing commercial real estate projects, entered into a Joint Development Agreement (JDA) with landowners to develop their property.
The issue arose whether the transfer of development rights under this JDA constituted a supply attracting...
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