GST Impact on re-sell of RIICO Commercial Plot

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This query is : Resolved

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If you've bought a RIICO commercial plot at auction and paid 18% GST, you might be wondering about GST implications when you resell it. While RIICO charges GST on the initial sale, the question arises whether you can claim Input Tax Credit (ITC) on that initial GST payment when you transfer the plot. The provided information suggests that GST may not be applicable on the resale of such plots, even though RIICO charged it on the initial purchase.

Pawan Boob

Pawan Boob (Querist)
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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.