GST on Open Plot Sale

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This query is : Resolved

Quick Summary

If you are a GST-registered taxpayer selling open plots, these sales are generally exempt. However, you must still declare these exempted sales in both your GSTR 1 and GSTR 3B returns. This ensures your reported turnover aligns with your income tax return details and accurately reflects all your business activities, even those considered non-GST or exempt supplies.

R Hiremath

R Hiremath (Querist)

20 May 2024 Sir, I have query kindly resolve this, for Example Mr. A GST Registered Taxpayer has sold Open plots to buyers which is exempt as per GST. But, My query here is, May I need to show that Exempted Sales in GSTR 1 or Not ?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

20 May 2024 Yes you should show it in 1 and 3B both so as to match the turnover details in income tax return.

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)

20 May 2024 If you are registered then Yes you need to show under Exempt Supply ..because even Non-GST Supply is covered under Exempt Supply definition

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