18 October 2022
an old bulding was bought by real estate builder company and resold it at a gain. is there gst on it? builder has kept in fixed asset bal sheet (its not his stock in trade) my view-->no, as building has no gst.
even if builder considers building as stock in trade, still no gst as bilding has no gst rate.
note --> we not talking of any service of building , its just buy and sell of entire building.
CAclubindia
