TaxTMI 
TaxTMI 
Whether GST registration to be retained for an owned premises where the business is inoperative?
X X X X Extracts X X X X
X X X X Extracts X X X X
....hether GST registration to be retained for an owned premises where the business is inoperative?<br> Query (Issue) Started By: - Balaji Srinivasamurthy Dated:- 24-7-2025 Last Reply Date:- 26-7-2025 Goo....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ds and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear experts, I humbly request you to share an insight where a company owns a property and unfortunately closed down its operations, whether they ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....need to surrender the GST registration or retain the registration based on its ownership? Sale of property is uncertain and so is GST payable on disposal. Reply By Sadanand Bulbule: The Reply: Under....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Section 29(1)(c) of the CGST Act, 2017, a registered person can apply for cancellation of GST registration if the business has been discontinued. There is no mandate to retain registration sole....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ly because the premises is owned. Further, sale of immovable property like land/building is outside the GST regime. No GST is payable on its sale in terms of Entry No 5 of Third Schedule to the Act. ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Reply By Shilpi Jain: The Reply: Sale of land and completed building is not liable to GST. So finish off all compliances under GST law and surrender the registration if there are no other taxable s....
X X X X Extracts X X X X
X X X X Extracts X X X X
....upplies.<br> Discussion Forum - Knowledge Sharing ....