I p
urchased 10 flat in 2012. my main activity is to deal in property. I sold 3 flat on 25 th september.
whether gst is applicable on sold flat?
if yes at what rate
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sold of flat
Replies (3)
No GST is applicable , as per schedule III sale of immovable porperty is not considered as supply
pankaj is right gst is not applicable on sale of immovable property
As per Para 5 of SCHEDULE III of CGST Act 2017, Sale of Land and subject to clause b of Para 5 of SCHEDULE II, Sale of Building, is neither treated as a Supply of Goods nor a Supply of Services.
Hence, no GST is levied on Sale of Completed Flats since it is a NO SUPPLY.
Hence, no GST is levied on Sale of Completed Flats since it is a NO SUPPLY.
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