Advance received on Sale of land
Renu (Student) (460 Points)
08 October 2022As sale of land does not attach gst.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160484 Points)
Replied 08 October 2022
When any land is sold without any development charges, or service charges, it is out of levy of GST, and hence any advance received for that.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"