GST rate for sale of land, Goods and Services Tax - GST

[MARIAPPAN GOVINDARAJAN]

May I know the rate of GST rate in case a person sells his 3 cent of land to another?

Posts / Replies

[HimansuSekhar Sha]

Sale of land is not a supply . Please refer to Schedule-III

"5. Sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building."

With regards

[KASTURI SETHI]

Sir, Something is missing due to typing mistake. "his 3 cent" ?

[MADAN RAHEJA]

Sh. Sethi ji nothing is missing nor is there any typographic mistake. Cent is a measurement of Area equal to 40.47 sq. mtr. Reply of expert Sh. Himanshu depicts correct position.

[HimansuSekhar Sha]

Thank you Rahejaji

[KASTURI SETHI]

Sh.Madan Raheja Ji,

Anyhow, Sh.M.Govindarajan Sir is going deep and we are touching surface only.

Do you think Sh.M.Govindarajan was not aware of such simple aspect ? His knowledge, experience, qualification and talent have no match.

I want your observations so as to enrich my knowledge.

[MARIAPPAN GOVINDARAJAN]

Point No. 5 of Schedule III to the CGST Act provides that sale of land shall be treated neither as a supply of goods nor a supply of services.