CA SHRIPAL LUNIYA asked 5 years ago
FLAT Sale is NON GST Sale
A Builder Firm having completed before the GST regime sold Flats in June 2019 and execute the sale deed.
Our question
- This sale proceeds from a flat sale were to be shown in GSTR-3B?
- Is this sale is NON-GST Sale?
Answer the question
ConsultEase Administrator answered 5 years ago
Sale of completed is out of the preview of GST as it is neither a Goods nor a service. It will not be reflected in GSTR 3b
YOGESH NARAYANDAS SHAH answered 5 years ago
IF MONEY ARE RECEIVED AFTER JUNE17 ie FROM JULY 17 THEN YOU HAVE SO SALE PROCEEDS AS GST SALE. BUT THIS IS NOT TAXABLE SALE. THIS IS EXEMPTED SALE.
Mrinal Kanti Das answered 5 years ago
I think full considaration received after gst starting as well as C.C… So that reavinue is neighter a supply of goods, nor a supply of services according to Scheadule III of Cgst act….. Presently as per Annual Return’s mechanizm, we can watch “No Supply” is added with table number 5F of GSTR 9… So We may declare that in table 3.1.(e)…..
Mrinal Kanti Das answered 5 years ago
I think full considaration received after gst starting as well as C.C… So that reavinue is neighter a supply of goods, nor a supply of services according to Scheadule III of Cgst act….. Presently as per Annual Return’s mechanizm, we can watch “No Supply” is added with table number 5F of GSTR 9… So We may declare that in table 3.1.(e) of GSTR 3B
