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TMI BlogGST on LayoutX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Council in its 47th meeting issued a clarification as follows:- Sale of land after leveling, laying down of drainage lines etc., is sale of land and does not attract GST To my knowledge till now no such clarification has been issued. Can we take a stand in an ongoing proceedings based on above decision of GST council, that notice is payable on sale of developed plots after completion of r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elated infrastructure. Please clarify. - Reply By Rajagopalan Ranganathan - The Reply = Sir, The decision of GST Council cannot be given effect unless the required exemption Notification is issued by the Government. Even if a exemption notification is issued it will have only prospective effect unless it is specifically provided in the Notification that the exemption granted by the notification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has retrospective effect. Therefore demands for past period are enficeable unde law. - Reply By Amit Agrawal - The Reply = This being a 'clarification' about the position of law as existed since beginning, same ( which is expected to be issued by way of circular using powers u/s 168 (1) of the CGST Act, 2017 ) will be applicable w.e.f. 01.07.2017. Till such circular is used, not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hing stops you from using the press-release to defend yourself in going proceedings. But, such press-release will not have same effect on adjudicating authority as compared to a official circular issued by Board, while adjudicating your case. And, ideally , instead of using such press-release/s, it is better to wait for issuance of such circular and see if wordings are such circular reall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y helpful to the fact and circumstances of your case or there are any catch / fault-lines etc. These are strictly personal views of mine and the same should not be construed as professional advice / suggestion. - Reply By Ganeshan Kalyani - The Reply = Circular is proposed to be issued based on the Press release. It is likely that only basic work like leveling, laying down of drainage etc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... will be covered in the exemption list. One cannot construct small security office and say it is for the purpose of selling land so it is land only. So, clarification is awaited as regard extent of basic work done on land will be considered as land. With the sea of notifications on rate, rules and some circular it is less likely that circular will be issued in shorter time. Govt may take some more ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... time to issue circular on this issue. - Reply By KASTURI SETHI - The Reply = Press release has no statutory force. - Reply By Shilpi Jain - The Reply = Also it is better to wait for the clarification to see what they actually clarify. Whether they settle or unsettle it further!! - GST on Layout - Query Started By: - Ethirajan Parthasarathy Dated:- 18-7-2022 Goods and Services Tax - GST - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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