Gst registration
nirmal paliwal (ipcc) (83 Points)
26 March 2021
PLEASE CLARIFY WHETHER SALE OF LAND FALL UNDER AGGREGATE TURNOVER UNDER GST ACT
3 Replies
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 27 March 2021
Sale of land is not a supply under GST. Aggregate turnover includes taxable supplies, exempt supplies and non-taxable supplies and hence sale of land would not form part of aggregate turnover.
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