https://www.taxtmi.com/caselaws?id=427840 Karnataka AAR held that sale of developed land by an individual landowner does not attract GST. The applicant planned to convert land into residential sites after basic development works like levelling and laying drainage, water, and electricity lines. Relying on CBIC Circular No.177/2022 and Schedule III Entry 5 of CGST Act 2017, the Authority ruled that sale of such developed land remains a sale of land and is exempt from GST. The ruling clarified that basic development activities do not change the nature of the transaction from land sale to taxable supply. en-us Thu, 08 Sep 2022 00:00:00 +0530 Sat, 05 Apr 2025 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427840 Karnataka AAR held that sale of developed land by an individual landowner does not attract GST. The applicant planned to convert land into residential sites after basic development works like levelling and laying drainage, water, and electricity lines. Relying on CBIC Circular No.177/2022 and Schedule III Entry 5 of CGST Act 2017, the Authority ruled that sale of such developed land remains a sale of land and is exempt from GST. The ruling clarified that basic development activities do not change the nature of the transaction from land sale to taxable supply. Case-Laws GST Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427840