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CAPITAL GAIN

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(Querist)
30 January 2021 DEAR SIR,

ONE OF MY CLIENT HAS LAND HE DECIDED TO DEVELOP AS A LAYOUT. HE MADE AGREEMENT BETWEEN THE DEVELOPER AND HIMSELF. NOW MY QUESTION IS GST APPLICABLE TO PLOTS? DEVELOPER HAS TO COLLECT GST FROM MY CLIENT? AND MY CLIENT SHOULD OBTAIN GST REGISTRATION OR JUST FILE INCOME TAX ON CAPITAL GAIN ON SALE OF PLOTS.

CLARIFY ME,
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
31 January 2021 GST not applicable on sale of plots. GST registration not required file ITR under capital gains/ business income.
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raghavendra b

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raghavendra b (Querist)
31 January 2021 thank you for your replies

regards
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
31 January 2021 You are welcome..........

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