TaxTMI 
TaxTMI 
TaxTMI 
Sir,I take land on lease to do agriculture by forming a partnership firm.My question is.
1. under GST guidelines I hear that taking land on lease will invite tax.
2.will I be able to continue farming under a partnership firm
Rohit Goyal
Agriculture
Rohit Gotal
Leasing Land for Agriculture Taxable Under GST; Partnership Firms Not Recognized as Agriculturists per New CGST Bill An individual inquired about the implications of the Goods and Services Tax (GST) on leasing land for agricultural purposes under a partnership firm. Four responses clarified that leasing land is taxable under GST. Additionally, it was noted that according to the new CGST Bill, only individuals and Hindu Undivided Families (HUF) qualify as agriculturists, excluding partnership firms from this classification. Therefore, while farming can continue under a partnership, it will not be recognized as an agriculturist entity for tax purposes. (AI Summary)