Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee
Law Related Issues
15. Transfer of Land etc. by way of inheritance, testament, gift etc.
Clause 5 of Schedule III of CGST Act, 2017 as specified in Section 7 provides that
Sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building
would be treated as an activity or transactions which shall be treated neither as a supply of
goods nor a supply of services.
Issue
Sale does not include transfer of land by way of will, inheritance, testament etc. Such
transactions if kept out of the purview may create problems and confusion.
Suggestion
It is suggested that transfer of land by modes other than sale also be included as an activity
or transactions which shall be treated neither as a supply of goods nor a supply of services.
Read Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee
Related Topic on GST
Topic | Click Link |
GST Acts | Central GST Act and States GST Acts |
GST Rules | GST Rules |
GST Forms | GST Forms |
GST Rates | GST Rates |
GST Notifications | GST Act Notifications |
GST Circulars | GST Circulars |
GST Judgments | GST Judgments |
GST Press Release | GST Press Release |
GST Books | Best Books on GST in India |
GST Commentary | Topic wise Commentary on GST Act of India |
GST You Tube Channel | TaxHeal You Tube Channel |
GST Online Course | Join GST online Course |
GST History | GST History and Background Material |