New Delhi: The finance ministry today clarified that renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is exempt from the GST.
Clarifying on the applicability of GST on farmers, the ministry said support services to agriculture, forestry, fishing or animal husbandry are exempt from the Goods and Services Tax (GST).
Exempted support services to agriculture include renting or leasing of vacant land with or without a structure incidental to its use.
“Thus, renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry on batai (share cropping) or otherwise is also exempt from GST,” the ministry said in a statement.
It said agriculturists are exempted from GST registration.
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