Sale of LAND - GST

[Ethirajan Parthasarathy]

A dealer sells factory land for 2 crores. To my understanding, this sum of ₹ 2 crores need not be considered for arriving at "Aggregate Turnover" and also need not be reflected anywhere in GSTR 3B or GSTR 1, since sale of land is not a supply at all as per Schedule III of GST Law.

Please confirm.

AI Summary

Sale of land outside GST scope: such proceeds need not be treated as taxable supplies but may be disclosed to reconcile returns.
Sale of land used as a factory is outside the scope of supply under Schedule III and therefore not a taxable supply; such proceeds need not be included in aggregate turnover or reported as taxable or exempt outward supplies in GSTR-1 or GSTR-3B. A return column exists for non-GST outward supplies: one approach is not to report non-GST sales as they lie outside GST jurisdiction; another pragmatic approach is to report them to reconcile GST returns with income tax filings and accounting records to avoid departmental queries.