https://www.taxtmi.com/caselaws?id=402776 Amounts forfeited on breach of an agreement to sell land are taxable under GST where the forfeiture is not part of the land sale consideration but represents consideration for agreeing to tolerate the purchaser's non-performance. That arrangement falls within the GST concept of a supply of service, distinct from the non-taxable sale of land under Schedule III. The ruling also holds that, in such a transaction, the applicant is the service provider and the prospective purchaser is the service receiver. The advance ruling therefore answers both issues in favour of Revenue. en-us Thu, 30 Jul 2020 00:00:00 +0530 Sat, 22 Mar 2025 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402776 Amounts forfeited on breach of an agreement to sell land are taxable under GST where the forfeiture is not part of the land sale consideration but represents consideration for agreeing to tolerate the purchaser's non-performance. That arrangement falls within the GST concept of a supply of service, distinct from the non-taxable sale of land under Schedule III. The ruling also holds that, in such a transaction, the applicant is the service provider and the prospective purchaser is the service receiver. The advance ruling therefore answers both issues in favour of Revenue. Case-Laws GST Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402776