May I know the rate of GST rate in case a person sells his 3 cent of land to another?
GST rate for sale of land
DR.MARIAPPAN GOVINDARAJAN
Sale of Land Not a Supply Under GST; Supported by Schedule III of CGST Act, 'Cent' Clarified as Area Unit A discussion on the Goods and Services Tax (GST) rate for the sale of land concluded that the sale of land is not considered a supply under GST regulations. This is supported by Schedule III of the Central Goods and Services Tax (CGST) Act, which states that the sale of land is neither a supply of goods nor services. Participants clarified that 'cent' is a unit of area measurement, and the discussion involved an exchange of knowledge and expertise on the topic, with contributors acknowledging each other's insights. (AI Summary)