Can you please let me know the GST applicability on Land purchase for set-up the Plant in EOU or SEZ.
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Gst on purchase of vacant land
Replies (5)
Not over outright purchase, bur over lease deed.....
Dear Sir,
THanks a lot for the reply. It will be helpful if you can explain the same in bit details
There is no GST applicable over outright purchase of land & buildings.
But here, land is supplied by lease of certain time period, i.e. over rent. So, GST will be applicable over the rent/lease.
Yes Agree with Mr Dhirajlal Rambhia ji
As per Schedule III land is sale is out of purview of GST
As per Schedule III land is sale is out of purview of GST
What about ITC of GST paid on Fees given to state development authority?
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