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Question ID : 44762

How to show sale proceeds of a property in GSTR 9

In case of an assessee who is renting an immovable commercial property we show rent of property in gst 1 and gst 3 and pay gst on rent . But if in an year if that property is sold after receiving oc than gst is not applicable on it..will sale proceeds of property be shown in GSTR 9 as no supply turnover or is it not required to show sale proceeds of property in GSTR 9 as it is a capital gain

Posted by NISHANT NARANG on Dec 18, 2024

Filed Under GST

Answer ID : 85551

sale proceeds need not be shown in GSTR since it is not supply being sale of immovable property

Posted by SIVADAS CHETTOOR on Jan 02, 2025