A land was sold along with Plant & Machinery against Sales Consideration of Rs. 8,92,50,000/- during post GST regime.
As per sale deed, valuation amount is as below-
Land - 12,29,40,000
Boundary Wall - 10,05,000
Duck & Machinery - 9,98 250
I want to know GST applicability on the said transaction.
Whether GST will be levied or not ?
Give your answer with reasons.
CAclubindia
