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 Buildings 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. Jinendra Sethia
(Expert)
09 January 2019
Sale purchase of immovable property is not covered under GST, only dwelling on which part payment is taken before completion of work is covered under GST which is also amended now,
So in your case there was no GST since GST law comes into force
So in your case there was no GST since GST law comes into force
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- SALARY CAN BE CAPITALIZE
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
