I have a company (Say A) whose object is to construct on the land hold by company (say B). Now the company A have done some work but B is not satisfied with the work done. So B decided to cancel contract with A and give to other Company (say C).
Now A is selling all the project and the available goods to C.
what will be the impact of GST on such sale
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GST rate an applicability
Replies (2)
Our focus has to be on supply of good/services and taxability thereof. Now A is selling the goods to C. It is supply of goods and A will collect tax from C and pay to the govt.
What will be rate or there is any scope to reduce the liability
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