GST rate for sale of land

[DR.MARIAPPAN GOVINDARAJAN]

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

[Himansu Sekhar]

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.

[Himansu Sekhar]

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.

[DR.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.

AI Summary

Sale of land not treated as a supply under GST, while transfers involving buildings are characterised separately.
Sale of land is expressly excluded from the scope of supply and is not treated as a supply of goods or services for GST purposes; transfers involving buildings are treated separately and may be subject to different statutory characterisation under the schedules governing immovable property.