A GST REGISTERED FIRM IS PURCHASING A SHOP (NOT IN MALL) ALREADY CONSTRUCTED FROM ANOTHER GST REGISTERED PERSON.IS GST APPLICABLE ON SELLING OF ALREADY CONSTRUCTED SHOP?PLEASE PROVIDE NOTIFICATION?
Reply—It may be noted that Schedule III to GST law sets out activities which are treated neither as supply of goods nor as supply of service. Therein Entry No. 5-covers sale of land and sale of completed building/constructed unit.
In the above case, GST will not be applicable on sale of already constructed shop.
Posted Date: Mar 19, 2021