A partnership company (gst registrant) owns a property under partners individual name. Upon selling the property whether to account for gst as it was company asset?

1 Answer(s)

The determinant factor fall on the type of property.

If the property is resident, No GST.
If the property is commercial, GST is chargeable.

Answered on August 17, 2015. 2015-08-17 03:43:21
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