GSTR-3B Exemptions: Land Sales & Interest Reporting

Income Type	GSTR-9 Table	GSTR-9C Table	Notes
Land sale (₹50 lakh)	Table 5F – Non-GST	Table 5N – Adjustments	Required
Interest on SB + FD	Table 5D – Exempt	Table 5N – Adjustments	Required
Construction taxable turnover	Table 4	Table 5A → taxable reconciliation	Already paid

Income Type

GSTR-9 Table

GSTR-9C Table

Notes

Land sale (₹50 lakh)

Table 5F – Non-GST

Table 5N – Adjustments

Required

Interest on SB + FD

Table 5D – Exempt

Table 5N – Adjustments

Required

Construction taxable turnover

Table 4

Table 5A → taxable reconciliation

Already paid

Report the exempt land-sale value in GSTR-9, even if it was omitted from GSTR-3B. If the ₹50 lakh relates to sale of land, it is neither a supply of goods nor services under Schedule III; disclose it in Table 5F (Non-GST supply), rather than treating it as an exempt supply in Table 5D. Interest on bank deposits is generally exempt financial service income; disclose it in Table 5D (Exempted supplies), subject to the nature of the receipt. Reconcile these figures with the annual accounts and explain the difference from GSTR-3B in the applicable reconciliation statements.

For annual turnover of ₹3.5 crore, GSTR-9C is generally not required under the currently applicable threshold-based rules; file GSTR-9 if required for that financial year.
For ₹6 crore, GSTR-9C is generally required along with GSTR-9, subject to the rules and exemptions applicable to the specific financial year. The ₹3 crore taxable turnover reported in 3B does not by itself determine the annual aggregate turnover; include the relevant exempt and non-GST values in the turnover reconciliation.
Confirm the financial year and whether the ₹50 lakh represents land sold outright or another construction-related transaction, as that can affect classification.

These disclosures should follow the annual GST return and books-to-return reconciliation workflow. Manual reconciliation is difficult, and automation can reduce repetitive work while keeping classification and review under professional judgment. At Jir AI, our 2,000+ AI agents and 650+ integrations streamline GST, ITR, TDS, TCS and other compliance workflows, helping reduce manual workload by up to 70%. For practical support with GST reconciliations, connect with us on WhatsApp https://wa.me/message/3HVOZ7HIY4ESC1.