Only works contract in land deals will attract GST: Telangana AAR

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 t…