GST on land

241 views
User Avatar

38 Points Posted on 07 January 2020
A company engaged in the business of purchasing land and convertimg them into plots for sale. Whether this will be treated as GST supply or not?
1 Reply Share Follow
On 07 January 2020 at 21:56 Report
Replies (2)
Quick Summary
This discussion clarifies whether the sale of land, particularly when converted into plots by a company for sale, is subject to Goods and Services Tax (GST). The consensus is that it is not treated as a GST supply. This is because land transactions are typically excluded from GST, being neither a supply of goods nor services under the relevant acts and schedules.

User Avatar

4 Points Posted on 07 January 2020
No it's not covered under gst act
u/ schedule 3 sec7 para 5
Reply
On 07 January 2020 at 23:06
User Avatar

GST Practitioner
55067 Points Posted on 07 January 2020
No it's neither the supply of goods nor supply of services .
Reply
On 07 January 2020 at 23:51

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post

Related Topics :

Loading