one of our client selling Mining Land which was purchased before GST
Is GST Applicable on sale of Minning Land? if applicable what is the rate of duty.
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IS GST Applicable on Sale of Mining Land Purchased before GST
Replies (1)
GST not applicable on sale of land. Part of Schedule III item of CGST Act. (immovable property)
Although, there may be some ITC reversal required as it is considered as exempt supply for the purpose of ITC reversal as per section 17(2), 17(3) r/w Rule 42 & 43.
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