TMI BlogBenami Transactions ActX X X X Extracts X X X X X X X X Extracts X X X X ..... One A is giving loan to a land owner B . In turn B executes a Power of Attorney to one C who is an employee of A . C develops the land as plots, builds roads etc., with the finance from A . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C starts selling the plots to various people in various dates. Technically the money goes to B and returns back the same to A towards loan he received from them. My questions are: 1. Will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this transaction fall under Binami Trans ACT ? 2. The position of C under GST. Is he liable to GST ? if so on which value? - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = It is not a bena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mi transaction. GST is applicable on the basis of services rendered by the builder. - Benami Transactions Act - Query Started By: - Balakrishnan Ramalingam Dated:- 19-4-2019 Other Topics - Got 1 Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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