Gst applicabile or not ?
This query is : Resolved
MANJUNATHA M.R
(Querist)
09 January 2019
Dear Experts, My client had dealing in real estate i.e., purchase land and converted it into number of residential sites (Not Building or Plots) and sold it to others. As per GST Act Exemption is upto 20 Lakhs. But my client crossed the said limit. Whether he take registration, If yes please guide me the GST Tax Rate for the same or it is exempted from GST Tax. Thanks in advance.
CA R SEETHARAMAN
(Expert)
10 January 2019
GST not applicable on sale of immovable property. So GST not applicable on sale of plot.
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