Sale of land by a private limited company
This query is : Resolved
THARUNKUMAR.R
(Querist)
05 June 2018
Whether sale of Land shown under Fixed Assets has been sold during the year 2017-18 (post GST era) attracts GST?
Note: 1. The Land purchased by such Company during pre GST era.
2. The company engaged in the business of development of Land for other Real estate entities.
Note: 1. The Land purchased by such Company during pre GST era.
2. The company engaged in the business of development of Land for other Real estate entities.
Ashish Garg
(Expert)
05 June 2018
Sale of land doesn't attract the leavy of GST subject to Para 5 of schedule - 2
THARUNKUMAR.R
(Querist)
05 June 2018
Thank you Sir @ Ashish Garg.. Whether development Charges income attracts GST (since TO more than Rs.45 lakhs) ?
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