kindly clear my confusion about gst reverse on property land purchase
Jyoti (Housewife) (71 Points)
06 August 2017Jyoti (Housewife) (71 Points)
06 August 2017
sunil kumar sharma
(jr accountant)
(708 Points)
Replied 06 August 2017
Jyoti
(Housewife)
(71 Points)
Replied 06 August 2017
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 06 August 2017
Geetha Varadarajan
(Ministry of finance)
(180 Points)
Replied 06 August 2017
This cannot be classified as supply under section 9 if the CGST Act 2017 as the transfer is not in the course of furhernce of business and the point about consideration is silent. hence he cannot charge GST on the transaction and reverse the input tax credit