Gst on purchase of vacant land

Ankit (ca) (29 Points)

05 December 2018

Can you please let me know the GST applicability on Land purchase for set-up the Plant in EOU or SEZ.

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184898 Points)
Replied 05 December 2018

Not over outright purchase, bur over lease deed.....

Ankit (ca) (29 Points)
Replied 05 December 2018

Dear Sir,

THanks a lot for the reply. It will be helpful if you can explain the same in bit details

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (184898 Points)
Replied 05 December 2018

There is no GST applicable over outright purchase of land & buildings.

But here, land is supplied by lease of certain time period, i.e. over rent. So, GST will be applicable over the rent/lease.

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 06 December 2018

Yes Agree with Mr Dhirajlal Rambhia ji
As per Schedule III land is sale is out of purview of GST

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CA-AK (CA) (600 Points)
Replied 17 December 2018

What about ITC of GST paid on Fees given to state development authority?

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