GST Impact on re-sell of RIICO Commercial Plot
This query is : Resolved
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.
19 March 2024
GST not applicable on sale of such plots.
19 March 2024
On commercial plots GST is charged @ 18% by RIICO
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