Gst on advance money forfeited

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A person paid advance money for purchase of land but due to certain issues he didnt purchase the land and demanded advance money back 

Seller after retainig 10% of total amount of land , return him the rest of money .

Is GST Leviable on retained amount ?

Replies (1)

NO. As the sales of Immovable property is out of the ambit of the GST; it will not be taxable under GST act


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