Rajesh Dalmiya (Proprietor) 31 October 2020
Hello,I have setup Polyhouse which is under agriculture in 2017-18 in the individual name.I am not registered under the GST as it is for farming.Now I want to sale my Polyhouse.The sale amount is much lower than the cost price.At the time of purchase I have not availed any credit also.Now I want to sale the assets either in the same state or to another state.Just wanted to know if I will be liable for any GST or any registration for sale.
Heet Shah (Tax Consultant) 31 October 2020
Originally posted by : Rajesh Dalmiya | ||
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Hello,I have setup Polyhouse which is under agriculture in 2017-18 in the individual name.I am not registered under the GST as it is for farming.Now I want to sale my Polyhouse.The sale amount is much lower than the cost price.At the time of purchase I have not availed any credit also.Now I want to sale the assets either in the same state or to another state.Just wanted to know if I will be liable for any GST or any registration for sale. | ![]() |
If the value sale amount exceeds threshold then u are liable for gst regn.
Heet Shah (Tax Consultant) 31 October 2020
Since it is going to be one time sale you may apply for Casual taxable person .
Rajesh Dalmiya (Proprietor) 31 October 2020
Didn't got you.It will be nice if you can explain it in details
Heet Shah (Tax Consultant) 01 November 2020
Just take a registration as casual taxable person to ignore other gst compliances.
Pankaj Rawat (GST Practitioner) 01 November 2020
Rajesh Dalmiya (Proprietor) 01 November 2020
Hello, The same will be applied if we sell the goods from one state to another state also
Rajesh Dalmiya (Proprietor) 01 November 2020
The same will be applied if we sell the goods from one state to another state
Pankaj Rawat (GST Practitioner) 01 November 2020
yes agree with mr. rajesh ,in term of section 24 cgst act urd cannot supply interstate
Heet Shah (Tax Consultant) 01 November 2020
Originally posted by : Rajesh Dalmiya | ||
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Hello, The same will be applied if we sell the goods from one state to another state also | ![]() |
Yes same would apply in case of interstate transaction too .However Cgst nd sgst or igst would depend on Ur asset
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