watch_later 2 weeks, 1 day ago
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?
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