GST APPLICABILITY AND RATES ON LAND / BUILDING AS TRADED GOODS

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This discussion clarifies the applicability of Goods and Services Tax (GST) on property transactions treated as traded goods. Experts confirm that GST is generally not applicable to property transactions as they are considered exempt. Therefore, no GST rates apply to the sale of immovable property.

james varghese

james varghese (Querist)
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03 August 2023 Respected Experts,

Kindly guide me on implications and rates of GST on Property transactions as traded goods.

Regards,

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 August 2023 GST not applicable on property transaction.

james varghese

james varghese (Querist)
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03 August 2023 Sir ,Thank you for your quick advise. My doubts on whether that transactions are traded nature ??? will GST applicable or Not ?? If applicable, Kindly provide the rate of GST rate

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 August 2023 GST not applicable on sale of immovable property. It's exempt from GST.

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