If registered proprietory concern selling of its leased property i.e. MIDC property will it attracts gst on both land and building or not

Reply—As per Para 5 of schedule III of CGST Act, "Sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building" shall not be treated as supply of goods or service. Therefore, no GST is applicable on sale of land and building.