Gst on old land sale
This query is : Resolved
23 March 2019
Dear Sir,
I have registered under GST for my professional charges. I have purchased agriculture land in 2013.
now i am selling the same, is GST Liable on such transaction?
if yes than but is gst rate if no is it NON GST Supply?
I have registered under GST for my professional charges. I have purchased agriculture land in 2013.
now i am selling the same, is GST Liable on such transaction?
if yes than but is gst rate if no is it NON GST Supply?
24 March 2019
Sale of immovable property like land is outside the purview of GST. GST not applicable on this sale.
28 March 2019
GST is not chargeable on the same. However, Reversal of ITC will be attracted in accordance with provisions of Section 17(3) of the CGST Act.
Thanks and Regards
CA Shubham Sharma
contact-9462302922
shubham.vnv@gmail.com
Thanks and Regards
CA Shubham Sharma
contact-9462302922
shubham.vnv@gmail.com
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