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 Gst issue for selling off commercial property

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nookie188
post May 19 2016, 08:38 PM

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QUOTE(linkor @ May 19 2016, 08:30 PM)
1) does the sole propritor has more than 2 unit commercial -> If Yes then GSTabble.

2) Does the sole proprietor has TOTAL market value of > 2mil commercial ->If Yes Then GST

3) Does the sole proprietor yearly turnover above 500k ?

Any of Yes above it is GSTable.
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heard from an agent that if one were to sell one commie a year even though one meets one of the above criteria
no gst needs to be paid??


nookie188
post May 20 2016, 01:33 PM

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QUOTE(cherroy @ May 20 2016, 11:47 AM)
The ruling has changed few months ago.

Once meet anyone criteria as listed, GST registration is needed.
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thanks for the update..

this gomen keep changing the rules and its causing a lot of confusion.

now they are trying to rope in as much as possible - start lenient then make it stricter and stricter to maximize
gst collection!

 

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