Dear All My Friends
I need you help on below topic
We have developer firm, we have purchased the land 86000 sq ft . now we are planning to sales that land in small plot like 1000 sq ft, 2000 sq ft , 5000 sq ft.
i need to know when we will sales these plot.
1. can we collect the GST from our customer on that plot ?
2. We need take registration under GST act . turnover will be 5 to 6 core .
kindly advice me
As per the definition of Goods the sale of only movable property or things attached to the land is comes under the scope of the GST but sale of vacant land i.e. immovable property is outside the scope of GST
Hence no GST is charge over the transactions.
Should you require any further information, feel free to reach us.