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
Menu
Gst liability on canclation of agreemnet
Replies (3)
Quick Summary
There is no GST on sale of Land.
Since land is an immovable property and not falling under goods, hence GST not leviable.
You have just received back your money. There is no supply involved therefore there is no GST applicable.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
