TaxTMI 
TaxTMI 
Sale of property
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....ale of property<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 7-8-2021 Last Reply Date:- 8-8-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Expert, We have sold one property ....
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....in crores. My query is whether the said amount of property received to be shown in GST return. Please give your expert advise and oblige. REGARDS, WADHWA Reply By Ganeshan Kalyani: The Reply: In ....
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....my view, if you are a builder then yes you have to show. Otherwise no. Reply By Shilpi Jain: The Reply: In case it's a sale of a completed property it will be shown as a non gst supply. In cas....
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....e it's of a under construction property 2/3rd of the value will have to be shown as a taxable supply. 1/3rd will be a non gst supply. Reply By KASTURI SETHI: The Reply: Since you are registered ....
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....with GST department, value of non-GST supply, exempted supply and nil supply are to be reflected in GST returns. It is an absolutely must.It is requirement of GST laws. I think purpose for the above ....
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....information in GST returns is that the Govt. intends to examine the correctness as well as admissibility/eligibility of exemptions etc.availed by the registered person. So every registered person sh....
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....ould be cautious.<br> Discussion Forum - Knowledge Sharing ....