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All QuestionsCategory: GST CompliancesFLAT Sale is NON GST Sale
Profile photo of SHRIPAL LUNIYACA SHRIPAL LUNIYA asked 4 weeks ago

FLAT Sale is NON GST Sale

A Builder Firm having completion before GST regime sold Flats in June 2019 and execute sale deed.
Our question 

  1. This sale proceeds from flat sale where to be show in GSTR-3B?
  2. Is this sale is NON GST Sale?

 

Answer the question
4 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 4 weeks 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

Profile photo of YOGESH NARAYANDAS SHAHYOGESH NARAYANDAS SHAH answered 3 weeks 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.

Profile photo of Mrinal Kanti DasMrinal Kanti Das answered 1 week 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)…..

Profile photo of Mrinal Kanti DasMrinal Kanti Das answered 1 week 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