https://www.taxtmi.com/forum/issue?id=117778 If the transaction is a sale of business as a going concern, it is an exempt supply. A sale of an industrial building is taxable when under construction at an effective 12% rate, while sale after issuance of the occupancy certificate is not subject to GST. Potential reverse charge mechanism liability on amounts paid to MIDC should also be examined. en-us Mon, 24 Jan 2022 17:20:29 +0530 Thu, 23 Jan 2025 15:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117778 If the transaction is a sale of business as a going concern, it is an exempt supply. A sale of an industrial building is taxable when under construction at an effective 12% rate, while sale after issuance of the occupancy certificate is not subject to GST. Potential reverse charge mechanism liability on amounts paid to MIDC should also be examined. Discussion-Forum GST Mon, 24 Jan 2022 17:20:29 +0530 https://www.taxtmi.com/forum/issue?id=117778