Dear Experts,
GST applicability on land developers. Person, who purchases land and he develops the land with an infrastructure such as drainage system, roads and plantation of plants as per the instructions given. After this development of the land, he will not do any building constructions and all. He sales only developed land as plots. As Land is the exempted from gst, is he required to get gst registration, if so, will he eligible for ITC on the material purchased on land development, as land is the exempted from land ? What is the provisions/rules under gst, applicable to this kind of business ?
Land Development and Sale: GST Registration Not Required, No Refund on Input Tax for Exempt Land Sales. A discussion on a forum addresses the applicability of GST on land development and sale. A land developer queries if GST registration is necessary when selling developed plots, given that land is GST-exempt. Respondents clarify that since the activity involves selling land, GST does not apply, and registration is unnecessary without taxable supply. Additionally, refund provisions for GST paid on inputs are not applicable in this scenario. Another participant seeks specific GST provisions or rules related to this issue, indicating similar concerns. (AI Summary)
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