09 January 2019
Dear Experts, My client had dealing in real estate i.e., purchase land and converted it into number of residential sites (Not Buildings or Plots) and sold it to others. As per GST Act Exemption is upto 20 Lakhs. But my client crossed the said limit. Whether he take registration, If yes please guide me the GST Tax Rate for the same or it is exempted from GST Tax. Thanks in advance.
09 January 2019
Sale purchase of immovable property is not covered under GST, only dwelling on which part payment is taken before completion of work is covered under GST which is also amended now,
So in your case there was no GST since GST law comes into force
CAclubindia
