GST ON SALE
This query is : Resolved
Gopalakrishnan V
(Querist)
28 July 2021
Company is in to business of sale of plots. It develops plots and sell it. Kindly let me know the GST compliance, whether GST is applicable for sale of developed plots and if so GST RATE for the same.
CA Altamush Zafar
(Expert)
28 July 2021
The opinion is divided on this matter. One group of professional say that sale of plot is sale of Land and it is outside the scope of GST.
Others say that developed plot constitutes service of Development therefore GST applicable. Rate will be 18%
It mostly depend on the wordings of allotment letter and sale agreement which you have with your customers which determine whether it is sale of land or is it supply under GST
Others say that developed plot constitutes service of Development therefore GST applicable. Rate will be 18%
It mostly depend on the wordings of allotment letter and sale agreement which you have with your customers which determine whether it is sale of land or is it supply under GST
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- Oct 2025 Invoices
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- Depreciation Chart Companies Act
- GST on Renting godown to KFCSC for Storage of Raagi
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
