https://www.taxtmi.com/forum/issue?id=118400 The key operative point is that, although sale of land is treated under Schedule III as neither goods nor services, GST ITC provisions and their explanatory rules include sale of land in the computation of the value of exempt supply for purposes of ITC reversal, with valuation guided by stamp duty figures; accordingly, common input tax credit allocable to such sales must be reversed through the statutory returns/reversal mechanism. en-us Tue, 28 Feb 2023 14:56:19 +0530 Thu, 23 Jan 2025 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118400 The key operative point is that, although sale of land is treated under Schedule III as neither goods nor services, GST ITC provisions and their explanatory rules include sale of land in the computation of the value of exempt supply for purposes of ITC reversal, with valuation guided by stamp duty figures; accordingly, common input tax credit allocable to such sales must be reversed through the statutory returns/reversal mechanism. Discussion-Forum GST Tue, 28 Feb 2023 14:56:19 +0530 https://www.taxtmi.com/forum/issue?id=118400