Hello
I paid advance for land in 2015 and now I received back the same and cancle agreement now I want to know is there any liability arise in Gst on amount received.
please clarify
There is no GST on sale of Land.
You have just received back your money. There is no supply involved therefore there is no GST applicable.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
