Agriculture, Goods and Services Tax - GST

[Rohit Gotal]

Sir,I take land on lease to do agriculture by forming a partnership firm.My question is.

1. under GST guidelines I hear that taking land on lease will invite tax.

2.will I be able to continue farming under a partnership firm

Rohit Goyal

Posts / Replies

[Ganeshan Kalyani]

It is taxable in your case.

[Himansu Sha]

Leasing will attract get

[Aitha RajyaLakshmi]

Under new CGST Bill passed on 31/03/2017, definition of Agriculturist is defined in which only Individual and HUF can only be an Agriculturist and also conditions are specified.

A partnership firm or any other person though they cultivate cannot be an agriculturist.

 

[Ganeshan Kalyani]

Yes, partnership firm cannot be a agriculturist.