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Tax paid on Residential Property

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(Querist)
13 January 2020 If a buyer purchase a Residential Property and paid GST. The GST Paid on Property be added back to Property Value or not and shows in Balance Sheet of buyer or the GST Paid will be show in Profit & Loss Account.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 January 2020 Add GST to properly value.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
13 January 2020 Gst on property same need to be capitalised with cost of property.
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 January 2020 GST paid is the cost of the property

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