GST on Open Plot Sale

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This query is : Resolved

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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)
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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)
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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)
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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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