Gst on purchase of commercial property

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1 Points Posted on 18 August 2019

Dear Sir 

I have sold an old commercial property and i am buying a commercial property out of its sale proceeds. Please let me know if

- i would get an GST waiver since it is only from sale proceeds of old property . Not any fresh investment. 

Thank You in anticipation of a prompt reply to my query.

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On 18 August 2019 at 22:15 Report
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GST Practitioner
55067 Points Posted on 18 August 2019
No..................
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On 18 August 2019 at 23:29
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Student
23693 Points Posted on 19 August 2019
NO Sir...

No such exemption from GST will be provided.

This type of Provision can be seen under the Income Tax Act 1961 and not under the CGST Act 2017.
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On 19 August 2019 at 00:07

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