TMI BlogSale of propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert, We have sold one property in crores. My query is whether the said amount of property received to be shown in GST return. Please give your expert advise and oblige. REGARDS, WADHWA - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Ganeshan Kalyani - The Reply = In my view, if you are a builder then yes you have to show. Otherwise no. - Reply By Shilpi Jain - The Reply = In case it's a sale of a completed proper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty it will be shown as a non gst supply. In case it's of a under construction property 2/3rd of the value will have to be shown as a taxable supply. 1/3rd will be a non gst supply. - Reply By K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ASTURI SETHI - The Reply = Since you are registered with GST department, value of non-GST supply, exempted supply and nil supply are to be reflected in GST returns. It is an absolutely must.It is req ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uirement of GST laws. I think purpose for the above information in GST returns is that the Govt. intends to examine the correctness as well as admissibility/eligibility of exemptions etc.availed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the registered person. So every registered person should be cautious. - Sale of property - Query Started By: - S.C. WADHWA Dated:- 7-8-2021 Goods and Services Tax - GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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