Real estate

149 views
User Avatar

14 Points Posted on 09 March 2020
land promoters income levy gst?
0 Reply Share Follow
On 09 March 2020 at 19:09 Report
Replies (2)
Quick Summary
This discussion clarifies whether land promoters need to levy GST on their income. The consensus is that GST is not applicable to the sale of land, as it is neither considered a supply of goods nor a service under Schedule III. Therefore, no GST is attracted to income derived from land promotion.

User Avatar

605 Points Posted on 09 March 2020
No GST is levied on Sale of Land since it does not constitute a Supply.
2 Reply
On 09 March 2020 at 22:17
User Avatar

GST Practitioner
55067 Points Posted on 09 March 2020
Yes as per schedule III it's neither the supply of goods nor supply of service, hence No GST attracts
Reply
On 09 March 2020 at 23:08

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Criteria to hire an article
  2. Guidence requested for a Finance Professional with
  3. Expert Opinion Required – Form 140 Gross Amo
  4. WRONG TAX DEMAND - formal responses , rectificatio
  5. Foreign remittance
  6. Affordable Residential Flats in Gurgaon
  7. Manufacturing
  8. TAN REGISTRATION ON E-FILLING SITE
  9. Form 10-IEA – Continuing Old Regime
  10. Income tax act 2026

More recent discussions | Post

Related Topics :

Loading