Land hsn code

1576 views
User Avatar

127 Points Posted on 31 March 2020
Hi
we going sell land what is hsn
0 Reply Share Follow
On 31 March 2020 at 18:54 Report
Replies (3)
Quick Summary
When selling land, it's important to understand its GST classification. According to the CGST Act 2017, the sale of land is considered neither a supply of goods nor a supply of services, meaning GST does not apply. If you are registered for GST, you should declare the sale of land as 'Non-GST' in your GSTR1 return, rather than 'Nil' rated.

User Avatar

Student
23693 Points Posted on 10 April 2020
Are you Registered under GST ???

As per Para 5 of SCHEDULE III of the CGST Act 2017, Sale of "LAND" is neither treated as Supply of Goods or Supply of Services. Hence, GST is not applicable on sale of land.
Reply
On 10 April 2020 at 20:10
User Avatar

127 Points Posted on 10 April 2020
Yes we are registered in GST.

how to show in return,

nill or non taxable?
Reply
On 10 April 2020 at 20:35
User Avatar

2 Points Posted on 18 October 2022

Sale of Land is a No Supply hence to be disclosed in GSTR1 as Non-GST.

Reply
On 18 October 2022 at 16:34

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. IDS Refund: GSTR-2B Invoice Not Validated in State
  2. Self assessment tax paid not reflected in ITR2 fil
  3. Tax on nps corpus
  4. Tired converting GSTR-1, 2B & 3B to Clean Exce
  5. TDS on under construction property not deducted
  6. GST on Fixed Assets
  7. GST ITC april 22
  8. GST PAYMENT REGARDING
  9. GST Consultation Required – June–Augus
  10. TDS Code for Salary Payment to Non-Resident Intern

More recent discussions | Post

Related Topics :

Loading