Gst on buying and selling entire residential building

This query is : Resolved

CA Kunjan - www.canaresh.com (Querist)
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18 October 2022 an old bulding was bought by real estate builder company and resold it at a gain. is there gst on it? builder has kept in fixed asset bal sheet (its not his stock in trade)
my view-->no, as building has no gst.

even if builder considers building as stock in trade, still no gst as bilding has no gst rate.

note --> we not talking of any service of building , its just buy and sell of entire building.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 October 2022 Your assumptions are totally correct.
Any property having completion certificate is out of GST levy.

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