Agriculture

[Asked by Guest]

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

AI Summary

Leasing agricultural land is taxable when cultivation is carried out by a partnership firm that cannot be an agriculturist.
Leasing agricultural land to a partnership firm for cultivation is taxable under GST because the statutory definition confines the status of agriculturist to individuals and HUFs; a partnership firm cannot be an agriculturist and thus leasing to it attracts tax.