watch_later 08/10/20


In case a person- 

1. purchase  old commercial building 

2. demolish the building and reconstruct (3 floors)  

3. one floor he kept for his own business and another 2 floors sold ( While constructing ) .

In this case, sale of two floors considered as capital gain.  

What is the rate of GST applicable in this case?  and whether ITC can be claimed? 

please suggest, 

1 Response | Latest response: 29/11/20 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 29/11/20

Sir there will be no gst on sale of land and building

But gst will be levied on construction of building

Pls contact me for further details



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