Please help for effective rate of GST on construction and sale of only industrial gala/shop
its two floor industrial complex with 108 units
Thanks & Regards
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Please help for effective rate of GST on construction and sale of only industrial gala/shop
its two floor industrial complex with 108 units
Thanks & Regards
Old Query - New Comments are closed.
Dear Ravindra Vyas,
Based on the understanding of query, my view will be
1. if it is sale of business as a going concern it would be an exempt supply as per S.No 2 of notification no.12/2017 CT(R)
2. In case if it is a sale of only an industrial building
a. Under construction - taxable at effective 12%
b. Sale after OC - No GST.
Agree with Hemanth. Also pls check if there could be any GST liability under RCM on the amounts paid to MIDC.
Old Query - New Comments are closed.