Gst on sale of leasehold improvements
This query is : Resolved
04 January 2019
Dear All,
Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.
Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.
04 January 2019
GST not applicable on sale of immovable property
04 January 2019
We are not the owner of the property. On termination of lease,the improvements made on the leasehold building is being sold.
04 January 2019
Improvement related to immovable property so GST not applicable.
GST applicable only on business transaction this will not fall under business.
GST applicable only on business transaction this will not fall under business.
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