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Sale of land under GST is treated as:
ASupply of goods
BSupply of services
CNeither supply of goods nor services
DComposite supply
Answer & Solution
Correct answer: C. Neither supply of goods nor services
1. Schedule III lists transactions that are neither supply of goods nor supply of services.
2. Para 5 covers sale of land and (subject to Sch II para 5(b)) sale of building.
3. Therefore sale of land is outside the GST net entirely.
_Source: ICAI BoS CA Final Paper 8, Ch 3 "Levy and Collection of Tax", §Sched III para 5_
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