Menu
GST on property
will GST be applicable on transfer of property (residential flat) owned by company to an individual or to it's directors.
Replies (3)
Not as per transfer of property act (capital transfer), but yes, if its any service/remuneration in nature.
GST is applicable on supply of Goods or Services or Both. As per the definition of Goods it does not include any immovable property. Hence if you are transferring the ownership of the residential flat from Company to Directors GST will not be applicable.
thanks for your response.
Recent Threads
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
Related Threads
CAclubindia
