An individual has purchased a parcel of land and subsequently entered into a Development Agreement with a Limited Liability Partnership (LLP). Under the agreement, the individual, being the landowner, has authorized the LLP to develop the land and sell the developed plots to customers.

Now, a portion of the developed plots has been sold. The following GST aspects need to be examined:

Whether GST is applicable on the sale of the developed plots.
On which transaction(s) GST will be levied under the Development Agreement.
Who is liable to pay GST – the landowner (Individual) or the LLP (Developer).
The value on which GST is to be calculated.
The applicable GST rate and the relevant provisions of the GST law.
The tax treatment where consideration is received from customers as advances before or after completion of development.
The GST implications, if any, on the transfer of development rights between the landowner and the LLP.