Gst on sale of leasehold improvements

This query is : Resolved

CA SAJANA (Querist)
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04 January 2019 Dear All,

Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 January 2019 GST not applicable on sale of immovable property

CA SAJANA

CA SAJANA (Querist)
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04 January 2019 We are not the owner of the property. On termination of lease,the improvements made on the leasehold building is being sold.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 January 2019 Improvement related to immovable property so GST not applicable.
GST applicable only on business transaction this will not fall under business.