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Purchasing land in rural area

Deepanshu (palwal) (13 Points)

13 November 2018

I purchase a land in installment basis
and last installment complete in April 2017
and today I want to take registry

Will be GST leviable in this case??

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3 Replies

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 13 November 2018

No GST on land purchase or sale (As per schedule III

Deepanshu (palwal) (13 Points)
Replied 14 November 2018

ohk sir...
seller is properly dealer .....
now who will pay GST in this case??

Shivam RC (Student) (23683 Points)
Replied 14 November 2018

As per Para 5 of SCHEDULE III of the CGST Act 2017 :

"Sale of Land, and subject to clause (b) of paragraph 5 of SCHEDULE II, Sale of Building."

Hence, Sale of Land or Purchase of Land is not treated as a SUPPLY under CGST Act 2017 and no GST leviable thereon.

Moreover, Land neither satisfies the definition of Goods nor the definition of Services as laid u/s 2(52) and 2(102) of the CGST Act 2017 respectively. So land is neither a Goods nor a Services; and GST is a Tax leviable on the Supply of Goods or Supply of Services or Both.

Hence, No GST on Land....

Regards.

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