 "Goods and services tax, gst")
The Authority for Advance Rulings (AAR), Telangana, has ruled that sale of land would not draw goods and services tax (GST) unless there is a works contract in the agreement between the seller and buyer.
A works contract is essentially a contract of service that may also involve supply of goods in the execution of the agreement.
It is basically a composite supply of both services and goods, with the service element being dominant in the contract between parties.
The authority ruled in a case related to an agreement between TIF Integrated Industrial Parks (TIFIIP) and the Telangana State Industrial
