GST Impact on re-sell of RIICO Commercial Plot
This query is : Resolved
Quick Summary
Pawan Boob
(Querist)
19 March 2024
I have purchased a RIICO Commercial Plot in RIICO Auction and paid 18% GST to RIICO on the premium value. Now If I want to re-sell the plot (without any construction), I will have to charge 18% GST on it, will the ITC of GST paid to RIICO be available to me or not on transferring the plot further.
CA R SEETHARAMAN
(Expert)
19 March 2024
GST not applicable on sale of such plots.
Pawan Boob
(Querist)
19 March 2024
On commercial plots GST is charged @ 18% by RIICO
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