Transaction of sale of land and building out of GST :
Sale of land and, subject to para 5(b) of Schedule II, sale of building is neither supply of goods nor a supply service as per para 5 of Schedule III of CGST Act.
Para 5(b) of Schedule II of CGST Act covers supply of building before completion or before occupancy. Thus, sale of completed building after occupation or completion will not be subject to GST.