Sales of fixed assets such as building
This query is : Resolved
29 August 2017
sales of fixed assets such as building. gst applicable or not. kindly give ans with reason
29 August 2017
Building being immovable property hence will not fall under purview of goods or service so GST not applicable.
30 August 2017
yes I am also of same view. moreover, you can also refer the definition of goods
30 August 2017
auction of building for demolish purpose gst applicable.
Vishakha Kejriwal.
(Expert)
30 August 2017
Sale of buliding is neither treated as supply of goods nor supply of services as per Schedule III of CGST ACt. Being not a supply GST is not applicable.
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