Agricultural land taken on lease and produce sold directly to wholesalers

[Raam Srinivasan Swaminathan Kalpathi]

Suppose I take an agricultural land on lease and produce agricultural commodity (GST to the trader will be 5%) and sell the same to a wholesaler. Experts, please elucidate on the GST and Income-tax implications. Would I be termed as an agriculturist and is the produce when sold in the market exempt from GST? Is there any other implication to this. Thanks

AI Summary

GST treatment of agricultural produce from leased land and the income-tax implications of direct wholesale sales. Leasing agricultural land and selling the harvested produce directly to a wholesaler raises questions on the GST treatment of agricultural commodities, the income-tax implications of cultivation on leased land, and whether the person conducting the activity can be regarded as an agriculturist. The issue also concerns whether the produce, when sold in the market, is exempt from GST and whether any additional legal consequences arise from the manner in which the agricultural activity is carried on and the goods are supplied.