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Sales of fixed assets such as building

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(Querist)
29 August 2017 sales of fixed assets such as building. gst applicable or not. kindly give ans with reason
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Amit Goel

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Amit Goel (Expert)
29 August 2017 Building being immovable property hence will not fall under purview of goods or service so GST not applicable.
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c.bakshi

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c.bakshi (Expert)
30 August 2017 yes I am also of same view. moreover, you can also refer the definition of goods
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CS and ACMA Raju lakhani

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CS and ACMA Raju lakhani (Querist)
30 August 2017 auction of building for demolish purpose gst applicable.
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Vishakha Kejriwal.

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Vishakha Kejriwal. (Expert)
30 August 2017 Sale of buliding is neither treated as supply of goods nor supply of services as per Schedule III of CGST ACt. Being not a supply GST is not applicable.

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