UDB Builders Ltd had undertaken a project to construct residential tower in Jaipur having 100 apartments/flats. The builder has entered into an agreement to sell a flat of carpet area of 1800 sq. ft out of 100 flats to a

UDB Builders Ltd had undertaken a project to construct residential tower in Jaipur having 100 apartments/flats. The builder has entered into an agreement to sell a flat of carpet area of 1800 sq. ft out of 100 flats to a customer Shiv Charan. The breakup of the cost and charges of the flat as per agreement are as follows: (i) Price of flat including apportioned value of cost of land ₹84,00,000 (ii) Prime Location Charges (PLC) (extra charges for getting garden and swimming pool view) ₹4,00,000 (iii) Club membership fee (Club to be formed after completion of construction of the tower) ₹5,00,000 (iv) Stamp duty for executing sale deed on actual basis ₹6,00,000 (v) Documentation charges ₹2,00,000 (vi) Maintenance charges to maintain building till the residential complex is handed over to Housing Society of members ₹4,00,000. The builder had received payment of ₹25,00,000 on agreement and balance amount of the value of flat to be received after obtaining completion certificate from the Corporation. The value of land is 1/3rd of the total consideration for the supply of flat. Compute the value of taxable supply in respect of the flat so sold by the builder to the customer Shiv Charan for the purpose of GST.