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TMI BlogSale of propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... Sale of property X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Reply By Ganeshan Kalyani: The Reply: In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 property it will be shown as a non gst supply. In ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se 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 KASTURI SETHI: The Reply: Since you are registered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 requirement of GST laws. I think purpose for the above ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... information in GST returns is that the Govt. intends to examine the correctness as well as admissibility/eligibility of exemptions etc.availed by the registered person. So every registered person s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hould be cautious. X X X X Extracts X X X X X X X X Extracts X X X X
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