Sale of residential flat

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16 Points Posted on 13 October 2024
if a GST registered person who is not in the business of construction nor a builders or a devlopers sells his personal residential flat does he need to report in his gst returns
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On 13 October 2024 at 10:08 Report
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This discussion clarifies whether a GST-registered individual, who is not a builder or developer, needs to report the sale of their personal residential flat in their GST returns. The general consensus is no, unless the flat was used for business purposes. In such a case, reporting would be required.

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1011 Points Posted on 13 October 2024
No. he need not.
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On 13 October 2024 at 11:02
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16 Points Posted on 13 October 2024
Thank you sir
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On 13 October 2024 at 11:06
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Profession Business
28246 Points Posted on 14 October 2024
But if it is for the purpose of business.
Then it's yes
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On 14 October 2024 at 09:18

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