Dear Sir,
Hope you are doing well !!
It is not a supply as per GST law, accordingly not to be shown in GST Returns.It is sale of immovable property
It is advisable to take a phone consultation for detailed discussion.
Sale of completed residential flats - where to show in GSTR 3b and GSTR1
We had build flats (Apartment ) in 2012 and got completion certificate in 2012 ( Before GST ) which was not sold at that time . Now we sold it and it doesn't attract gst tax. We have gst number in our firm which is under proprietorship. 1) Whether It should be show in gstr 3b and gstr 1 or not in gst return ? 2) If yes , in which colom of gstr 3b and gstr1 should we mention in gst return ? Kindly inform in detail.
Asked 4 years ago in GST
Please note we have done apartment project as a business and for sale purpose only. Then also is it confirm not to be required to show in gst return..?
Asked 4 years ago
Hi
As per clarification issued by the GST department on GSTR9, such supplies included in schedule iii of the CGST act have to be reported as part of non GST supplies.
Same approach should be followed while filing GSTR 1 and GSTR 3B.
Refer to Point F of the Press Release dated [deleted]
No need to show it in GST return, it is outside the ambit of GST.
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Thank you
- you can show it under exempt category in 3B and 1 as you have sold after receiving completion certificate and entire consideration should be received after obtaining completion certificate. Show it under exempt category to match it with ITR. Please take phone consultation for detailed discussion.
Hi
GST is not applicable on sale of completed house therefore no need to show in gstr3 & gstr1.
GST is applicable on under construction flat and not on completed flat. It will not be applicable in your case.
Hello,
Yes, you can declare this as Non-GST Supplies under Table 3.1 (e) of GSTR 3 B and Table No.8 of GSTR-1.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
Assuming that you have sold the flat after receiving the completion certificate and the entire sale consideration has been received after obtaining the completion certificate.
If sold after completion & getting CC then no GST as it was treated as Non GST supply so shown this under NON GST outward supply in GSTR
There is no need to show the same in GST returns.
Hi
As per my understanding you don't need to show the same.
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